Tuesday, 7 July 2020
By Chris Gooderham
In the week ending 28 June 2020, the EU average weaner price (excluding the UK) stood at €50.45/head, around €7.5/head lower than this time last year.
With the loss of foodservice demand as a result of lockdowns impacting EU finished pig prices, the weaner prices have reacted similarly. Weaner prices reached a record level of €73.65/head in the week ending 15 March 2020, but then recorded 10 consecutive week-on-week falls to sit around €50/head for the week ending 24 May.
Prices have been relatively stable for the last six weeks, sitting roughly €3/head above the five-year average. This stability has continued despite the recent closure of an important German slaughterhouse. There has been concern that a backlog of finishing pigs could limit space available for piglet sales. However, so far, national reports indicate that marketing has not been problematic.
Of the main pig producing nations in the EU, Spain and the Netherlands have seen their weaner prices fall most significantly, down 43% and 49% respectively on the March highs. Prices in Spain are now sitting around €43/head and in the Netherlands around €38/head. In comparison, Denmark and Germany have seen less significant falls, down 23% and 31% to sit at €59/head and €60/head respectively.
Head of Market Specialists - Dairy & Livestock
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