Inside PIGS
Pig market squats, but holds up
The poison cup on the pig market is still not empty. While it was hoped for a somewhat more stable phase after last week's listing, the discovery of African swine fever quickly brought the uncertainty back.
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After the weeks-long impasse surrounding the German quotations, the VEZG and the slaughterhouses reached an agreement last week at a level of €1,42 per kilo of slaughtered weight. The hope is that this has created a floor in the market. Yet there is little positivity in the market.
Too much meat for a quiet question
Despite the limited number of slaughters in Germany, there is still talk in the meat trade about a wide supply of meat, especially from Spain. The holiday periods have also not helped demand. Moreover, it will become clear in the coming days whether the discovery of African swine fever will have any consequences for the sales of German pork in other countries, even though for the first time no additional measures appear to be in the pipeline.
Insiders report that a recovery in Chinese pork demand is still possible, but that this will only take shape later in the year. For the time being, it is one of the few leads. Higher prices for pigs for slaughter are therefore not in the offing.
The VEZG quotation of July 21 has been set at €1,42 per kilo of carcass weight, a quotation that has hardly changed.