Inside: Pig Market
German pig supply gets time to dry up
The pig market is red again throughout Europe. What consequences does that have for the market?
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In Germany, 2 out of 5 slaughter days are canceled this week. It means that slaughterhouses are flooded with pigs, causing the pig price in Germany to drop by €0,05 to €1,39 per kilo in the ISN price comparison. The same reduction is visible in the Netherlands and Belgium (both €1,32 per kilo). In Spain, the pig price drops by €0,03 to €1,43 per kilo.
In Denmark, the decrease of more than €0,02 is slightly more moderate to €1,44 per kilo. In France, the pig price remains virtually at €1,40 per kilo.
German pork price unchanged
Due to the delay in Germany, it is expected that it will take some time before the pig supply in Europe dries up again. From Thursday, the locks in Germany will open again and the slaughter lines will start running again. The Vereinigungspreis is guaranteed to remain unchanged on Wednesday at €1,45 per kilo, because the quotation is valid for 2 weeks.
In this declining market, this can be seen as a blessing in disguise. Calm may have returned when the recordings will be recorded again next Wednesday.
At the National Economic Agricultural Congress, Robert Hoste, Wageningen Economic Research, will also discuss the pig market. Subscribers can attend the conference for free. Click here for more information.