Calm before the storm on the pig market?

At the beginning of this week there was some doubt whether the German pork price would remain unchanged. However, peace returned when the €1,50 per kilo appeared on the plates again. The Internet Exchange proved that the downward pressure is still lagging behind somewhat. This fell by €0,01 on Friday to €1,54 per kilo. Serious purchasing interest could not be detected. Only 6 of the 11 lots were traded.

The German market is less positive compared to the Dutch. Sales in our own country are not going as well as we would like to see, which means we have to move to foreign markets (including China). And these are generally not the markets where the financial icing on the cake can be taken. On balance, this creates less demand for pigs from abroad, which means that the pig supply on the Dutch market remains on the high side. It doesn't stop at all. The slaughter figures, which make a big impression every week, are proof of this. Most traders have their sales in reasonable order for next week.

Another delay in Germany
In the short term, it is unlikely that the market will be able to make a move. In 2 weeks, on Wednesday, November 1, there will be a slaughter day in Germany due to 'All Saints' Day'. This already has an inhibitory effect.

Since slaughterhouses have seized their moment in recent weeks, it can reasonably be expected that the market will remain stable for the time being. The exchange rates do not indicate an improving or deteriorating export position. Nevertheless, many people do not dare to put their money on Germany. Some slaughterhouses are difficult to gauge.

On balance, the market is expected to prepare for November in the remainder of October. What that will bring is difficult to predict. Traders who are close to the German market are not sure whether the €1,50 still forms the bottom. On the other hand, Christmas production usually causes some revival. The market can therefore go in two directions. The 'momentum' determines the direction and the expectation.

Stock market price unchanged
For next week, the DCA Exchange Price 2.0 for slaughtered pigs will remain at €1,41 per kilo. The price of live pigs is unchanged at €1,11 per kilo. There are virtually no changes to be seen on the meat market, or it would be all the hams and necks that are traded at a slight minus.