Live pig prices have made another jump last week in the EU market, with an average increase of €0.07. “The main demand impulses are: lifting the restrictions on Covid-19, favorable weather for the start of barbecue activity, the upcoming holiday season and an increase in supplies to Asian countries (except China). Growing demand coincided with a reduced supply of live pigs, rising costs of production, transport, energy and feed, which were further increased as a result of the war in Ukraine and logistical problems. Liquidation of the sow population in the European Union, which the market experienced due to the lack of profitability of production for many months, resulted in a drop in livestock production,” informs PolPig.
