Inside: Pig Market
Will there be peace in the pig market?
Will there still be peace in the pig market or not? The answer is given by Wednesday's prices. Do they provide sufficient clarity about the movements that can be expected in the coming weeks? An analysis of the pig market.
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As in previous weeks, it remains to be seen how the slightly improved demand for meat will be translated by the slaughterhouses. Last Monday, Vion was the first to signal unchanged with 1,55 euros, following the unchanged DCA Stock Price 2.0. The German Nord/West Notierung also traded unchanged at 1,52 euros. And the image that the pig price radiated was also unchanged at Tönnies (1,52 euros).
What was new was that Germany's largest slaughterer has temporarily lost its export license to be able to supply pork to China. This fact could have a negative effect on pig prices in the coming weeks. Compaxo also remained unchanged at 1,48 euros and Van Rooi also did not tinker with the pig price this week and remained at 1,48 euros.
On balance, there are no signals coming from the prices this week about the movements that the pig market can expect. This is partly due to the fact that slaughterhouses assume that the supply of pigs is sufficient for the necessary slaughter programs for the time being.
Vion applied a 14 cents conversion to its sow quotation this week, ultimately resulting in 1,33 euros (plus 14 cents, minus 3 cents). The piglet quotation of Vion rose by 1,50 euros and came to 57,00 euros.
