News Pigs
Danish pig price takes huge step up
The Danish pig slaughterer Danish Crown announced this week that it will increase its pig price significantly in one go. The reason for this is the improved conditions on the pig and beef markets. Part of the annual additional payment will also be included in the pig price.
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By including part of the additional payment in the pig price, the company expects to be able to improve the liquidity position on the farm. It does ensure that the amount of the additional payment, which, converted into euros, is normally around €0,13 per kilo of slaughter weight, will be somewhat lower. In the future, the company aims for a minimum additional payment of just over €0,09 per kilo of slaughter weight.
Improved profitability Danish Crown
Commenting on the increase in the purchase price, Niels Deudahl, CEO of the company, states that Danish Crown's profitability has improved recently. He also speaks of rising sales prices for both pork and beef products.
Last autumn, Danish Crown announced a major cost-cutting plan. A total of 500 jobs were cut and restructuring was announced for loss-making activities. The measures have now yielded results. For example, the German branch is no longer making a loss, a conditional sale agreement has been concluded for a Chinese processing plant and a newly started bacon factory in England is performing increasingly well.
The above developments enable Danish Crown to increase the purchase prices for fattening pigs by €5 per kilo slaughter weight as of 2025 May 0,21. Incidentally, the quotation, measured against the pig quotations in the Netherlands and Germany, comes from a relatively low level. As of Monday, Danish Crown will pay €1,82 per kilo slaughter weight. This amounts to 13,60 Danish Kroner. This is the highest level since the summer of 2023.