Inside Pigs
Finally good news on the piglet market
After continuing bad sentiment, the tide in the piglet market now seems to be turning. In Denmark and Spain we already saw rising prices last week and this week the signs are also turning green in Germany and the Netherlands.
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Although the sale of piglets is still not easy, an increase has been in the air for some time. The offer becomes clearer from week to week and that gives the market some relief. This allows the market to look upwards again. On balance, the sale of piglets is going a bit more smoothly.
Quotes up
The German VEZG quotation rose this week by €1 to €19 per piglet. There are also signals from Germany that sales are progressing somewhat more smoothly. This offers prospects for Dutch piglet exports, which have been under strong pressure in recent months. The Danish quote rose last week converted from €20,20 to €21,50 per piglet and is stabilizing at that level this week. This shows that sentiment is only slowly improving. This is in line with the disappointing prospects in the fattening pig market, where the quotations currently seem cast in concrete.
In the Netherlands there are different opinions about whether or not to increase. Some traders feel that the market is not yet ripe for it, others are calling for significant increases. This is to curb the proliferation of allowances (as it sometimes took place in recent years), although there does not seem to be an immediate reason for this in this market. Ultimately, this week there has been an increase in the price of €0,50 to €21 per piglet. This is the first increase since the end of May.