The European mature pigs market has continued its downswing, having remained relatively stable throughout the summer. Quotations dropped in a number of countries this week.

As was the case in past weeks, most of the downward pressure this week has been exerted on Germany, which serves as a benchmark for surrounding states. An abundance of pigs on offer in Germany last week allowed slaughter companies to continue dictating terms, exerting pressure on pricing, according to German industry group ISN.

Last week quotations also fell in Spain, France, Belgium, Austria, Great Britain and the Netherlands. Only Denmark – currently ranking fourth among the five major pig-keeping EU member countries – has so far been able to withstand the pressure exerted elsewhere. The Danish quotation remained level at 1.751 euros, where it has sat for four weeks.

Strong exports to third countries are believed to be responsible for the buoyancy of the Danish price.

ISN said that although demand remains "capricious," quantities of pigs on offer are gradually going down. ISN added that, while discounted prices must be accepted in the short term, the organisation hopes that "the bottom has been reached" in terms of price cuts.