Inside: Pigs & Feed
Rising trend pork chunk has more body
The Pork chunks prices already posted cautious pluses in November, and this rising trend will gain momentum in the month of November. On balance, the quotations rise between 15 and 30 cents, according to figures from Wageningen Economic Research.
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The largest increase is visible in the quotation of sow pellets lakto, which has increased from 30 cents to 27,45 euros per tonne. Sow pellet pregnancy increases somewhat more moderately and increases by 0,20 euros to 22,45 euros. Baby piglet pellets are also on the rise and have increased by 15 cents to 34,20 euros per tonne, wiping out the price drop in November.
The quotation of starting/transitional pellets has increased by 25 cents, while the price of pork chunks has also increased by 25 cents to 23,15 euros.
Whether the upward trend will continue in January is uncertain, because soy and wheat moved in opposite directions at the beginning of this year. The price of soy on the CBoT in Chicago recorded the lowest level in about 6 weeks at $362,57 per ton on the first day of January. But at the same time there are signals that point to drought in Brazil, which could have an upward effect on the price of soy. However, at the beginning of January this is offset by a drop in demand from China, which means that the market is still waiting.
The wheat price on the Matif dipped at 50 euros per tonne towards week 156,25, but subsequently rose to 169,75 euros. This increase is partly caused by a rising oil price in early January, which sets several commodities in motion.
