EU Commission forecasts pig prices

EU expert group: pig prices forecasts: expected September high.

With the level of knowledge of the 27 Aug. 2015 the pig market experts in the European Commission working group has published a new forecast on the development of pig prices.

The United States were determined on the forward rates for "lean"hogs at the CME. As a result, Americans in autumn/winter 2015/16 expect a drastic drop in prices on the order of €1.30 per kg. Only in II is expected quarter of 2016 an increase of €1.50 / kg, and more courses in preparation for the barbecue season.

The prices of the commercial grade E be adopted for the territory of the EU . According to the previous history in the II and III quarter 2015 moving the European average prices to the tune of €1.45 / kg.

For the month of September 2015 , pig prices of the class are expected once again E on a height of €1.50 / kg .

For the other months in the 4th quarter 2015 the experts estimate a fall, which move at €1.45 / kg .

Given the weak demand and expected increasing numbers of battle in the 2nd half of 2015 the result for September with skepticism is to look at.

However, Nachurlaubssaison and an actively growing processing sector as well as the expected increase in demand from China could contribute to a significant improvement in price.

The battle figures underlying the estimate 2015 again show growth rates compared with the previous year by 2.3 to 1.9% for the last two quarters.

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