MSP MAGAZINE Issue 53

REGIONAL NEWS
In April, the quoted prices of
cattle meat and pork in the forward
meat market moved in different
directions. The quoted prices of
cattle on live weight basis and on
feed went down, but in different
proportions. The fall of the quoted
prices of cattle on live weight basis
was more significant – by almost
five percent. The fall of the quoted
veal prices was not so sharp. Only
the quoted pork prices increased,
while they showed negative
results as well during that period
of time. The April growth, however,
turned out to be more moderate
than the March rise.
In May, the quoted cattle
meat prices rose again in
different proportions after the
April fall. The rise of this type
of meat during the month was
uneven, mixed with downfalls.
The quoted cattle prices on
feed rose above that level. The
quoted veal prices decreased
less than the cattle meat on
live weight basis during the last
month, while now it returned to
its results from early April. In the
second half of May, the quoted
pork prices gained a second
wind in growth, and continued
to rise significantly during the
entire month, outperforming the
April rise. The growth of this
meat segment was once again
due to the Chinese market of
pork consumption.
In June, the quoted prices
of cattle meat and pork went in
different directions. The pork
prices were significantly lower.
The quoted pork prices lost all of
their May price positions in June,
together with their positive results
in April. This month confirmed
the assumption that the forward
pork market was highly overrated
earlier. In June, it started moving
closer to more real estimations
from the beginning of the current
year. Unlike pork, the quoted prices
of cattle meat rose once again. The
quoted cattle prices on live weight
basis increased by three percent,
while the quoted cattle prices on
feed rose by almost four percent.
In July, the meat quoted prices
kept their development trends from
June. The quoted cattle prices rose
once again in July, while the quoted
pork prices went down. The quoted
cattle prices on live weight basis
rose by more than four percent in
July. The quoted cattle prices on
feed, on the other hand, decreased
not so sharply compared to June.
The quoted pork prices lost more
than 15 percent of their initial value
in June, and in July they continued
to fall sharply – by more than
twelve percent.
In August, the quoted prices of
cattle meat and pork both rose.
In June and July the quoted pork
prices were constantly falling,
while the quoted cattle prices
were increasing. During the last
month of summer, the quoted
pork prices rose by three percent.
34 | DECEMBER 2021 / JANUARY 2022 | MSP Magazine