Balance on piglet market a matter of time

There are major regional differences on the German piglet market. On balance, supply is greater than demand and that continues to put pressure on the market. Although the German piglet price remained at €23 per piglet on Monday, October 46, the trend report for this week is still unchanged at -€2 per piglet.

It can therefore not be said with certainty that the German piglet market has hit a bottom, although the trend report seems to be a shot in the arm. In the Netherlands, supply and demand are reasonably balanced for most parties.

Drying takes time
In Denmark, a reduction was implemented last week from €2 to €54,40 per piglet. A reduction is probably not an option for this week. On balance, the European oversupply of piglets is slowly drying up. However, it takes time to eliminate the free couples hanging over the market. There is still no sales certainty across Europe.

There is currently no lively imposition in Europe. This is because in 4 months it will be the end of February and the pig market (usually) only wakes up from hibernation then. Demand is expected to increase when November arrives. The BPP therefore remains at €37 per piglet for the third week in a row.

Vion: Meat market under pressure
Developments on the pig market had a dampening effect on the piglet price. There does not appear to be any price-increasing effect for the time being. Vion's pig price remains at €1,50 per kilo this week. According to Vion, this does not happen automatically, because the meat market has difficulty maintaining prices. According to the slaughterhouse, the sale of by-products to China is also accompanied by significant price pressure.