Short term guide-line prices in pig meat market A. Vigne, P. Mainsant, M. Rieu, Guillemette Michoulier

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Submitted on 1 Jan 1983

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Short term guide-line prices in pig meat market

A. Vigne, P. Mainsant, M. Rieu, Guillemette Michoulier

To cite this version:

A. Vigne, P. Mainsant, M. Rieu, Guillemette Michoulier. Short term guide-line prices in pig meat

market. Annales de zootechnie, INRA/EDP Sciences, 1983, 32 (3), pp.406-406. �hal-00888226�

Short

term

guide-line prices

ⁱⁿ

pig

^{meat market}

A.

VIGNE P. MAINSANT M. RIEU Guillemette MICHOULIER

*LT.P., 34, boulevard de la Gare, 31500 Toulouse

4c*

I.N.R.A.,

Laboratoire de Recherches et d’Etudes sur l’Economie des Industries

agricoles

^et

alimentaires, 3,

^{rue du}

Caducée,

B.P.

333,

94153

Rungis

^Cedex France

The different

ruling prices

ⁱⁿ

pig

^{meat market}

(carcasses

and cuts in France and in the

E.E.C.)

^are interrelated.

Seen at a very short term

through

^the

weekly price series,

this mechanism is not

always

instantaneous :

lags

^are

frequent

^between

price

variations. Certain

« guide-line

^»

prices

^are

detected,

the variations of which are transmitted to other

prices

^{with a more}

or less

important lag.

The method of cross-correlations over

lagged weekly

variations was

used.

Two different

guide-line prices

^{were revealed}

by

^this

study :

^auction

prices

^{in the}

Brittany

^market

(Cadran)

^{and to a less extent} the national

quotation

^of

pork

^{in West}

Germany.

Importing

^countries

generally

^{seem to}

anticipate

the short term

price

fluctuations of the

exporting

countries. The

study

^{shows the}

importance

^{of real}

import-export

transaction

prices

ⁱⁿ

transmitting guide-line price

influences.

These

general

conclusions are

subject

^{to a few}

exceptions,

ⁱⁿ

particular

the apparent

independency

of the Italian market.

Prices in the

pig

^channel

M.

RIEU,

^{A. VIGNE}

LT.P., 34, boulevard de la Gare, 31500 Toulouse France

Variations in the different

prices

^of the French

pig

^channel

(1970-1981)

^from pro- duction to retail distribution were

compared.

Various

divergencies

^were noted. Retail

prices

^{increase more}

rapidly

^than

production prices (9.4

p. 100

against

^6.3 p.

100).

The increase at the intermediate levels lies between these two

figures.

The distribution of

margin

^{increases over the whole}

pig production

^{sector differs}

according

^to

products.

The overall

pig

channel includes three different branches : fresh meat, ^{salted or cured}

processed pork products

^{and ham.}

The branch of salted or cured

processed

^meat

products

^{has the}

highest purchase margin improvement,

^followed

by

the retail distribution of fresh meat and

processed pork products.

On the other

hand,

^the

slaughtering

^and

cutting

branch which is also

highly

^indus-

trialized has some difficulties in

improving

^its

margin.

Differences in

working

expenses ^can to a certain extent

explain

these differences in the

price

behaviour. It could also be

explained by

the structural differences and the harder

competition prevailing

^{in the}

slaughtering

^branch.

The output ^{of the}

pig

channel has a

regulatory impact

^{on the} fluctuations of

pig

^meat

prices, nevertheless,

these fluctuations remain

perceptible

^at the retail distribution level.