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EU average pig prices fell 4 euro cents per kg to 1.54 EUR/kg in the week reported as week 43. German prices dropped 8 cents to 1.32 EUR/kg amid rising pig supply and lower slaughter numbers, and Dutch and Spanish prices also eased.
Piglet prices fell to 39.03 EUR each, and oil prices also declined.
Rising EU pig supply with weak demand keeps pork prices under pressure, which lowers the value of hogs and feed demand from producers. Lower energy prices reduce input costs for the sector.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.