Inside: Pigs & Feed
Is there a turning point in the piglet market?
The mood on the piglet market is slightly different than in recent weeks. Demand from fattening pig farmers is weakening slightly, so that the supply immediately feels wider. Is it the broken weeks, or is there a turning point?
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The shortage on the piglet market has been driving up prices since November. Due to shortages, piglet prices are at record levels above 60 euros per piglet. This shortage is caused by a high demand among fattening pig farmers, gaps in permanent couplings and relatively few available flocks on the open market. This was the piglet market in a nutshell until April.
Undertone something else
With the start of the month of May, the good mood on the piglet market has taken on a more moderate undertone. Traders report weakening demand, both in the Netherlands and abroad. Numbers are not so much under pressure, but there is more price pressure. There is a return to bidding from Spain and sales to Poland are also slowing down a notch. In Northwestern Europe (Benelux and Germany), the piglet trade is feeling the consequences of the canceled slaughter days due to King's Day and Labor Day. As a result, fewer pigs were delivered, which means that new piglet flocks will have to wait.
BPP unchanged
Will the piglet market hold at current levels, or is price pressure on the way? That is the crucial question, on which opinions still differ. According to some traders, the piglet market is tending to decline. This is also in line with the traditional seasonal progression on the calendar. Others label the ''delay'' as a result of the broken weeks on the pig market. One thing is certain: a further price increase is not on the agenda for the time being.
For week 18, the DCA BestPigletPrice remains at 59 euros per piglet. This is in line with other mutations in Europe. The German Nordwest Commission did not announce a piglet price today, May 1. This is because of Labor Day.
Pig price Vion catches up
Following the German pig price and the DCA Stock Exchange Price 2.0, Vion's pig price also increased by 3 cents to 1,79 euros. According to Vion, rising pork prices are less easy to implement on the meat market than was the case before Easter. Outside Europe, significantly lower priced American pork is causing price pressure. Yet Vion continues to rise.
