Inside: Pig Market
Internet stock market a harbinger of a new cut?
There is no end to the negative trend on the pig market for the time being. The Internet stock exchange even fell below the level of the German pig price on Tuesday 26 September. A bad omen?
Read this article?
Become a subscriber and get instant access
Choose the subscription that suits you
Many traders, who are close to the fire, hope that the German pork price will not drop further this week. They hope for a stabilization at €1,58 per kilo. This after the quotation had already fallen €0,14 in the previous weeks. The Internet Exchange is letting this hope fade and lost €0,05 to €1,56 per kilo on Tuesday. Serious buying interest cannot be detected, as only 5 of the 13 lots have been traded.
In 'average weeks' the bandwidth between the Internet exchange and the North/West listing is approximately €0,06. That would mean a significant reduction. The Internet stock exchange may be too negative and the German pig price will drop by €0,03 to the expected €1,55 per kilo. It seems inevitable that there will be another reduction. This is due to the ample pig supply in Germany and surrounding countries.
European pig price down
Pig prices are falling throughout Europe. In the ISN price comparison the Spanish pig price is falling the fastest, with more than €0,05 to €1,71 per kilo. Spain is closely followed by the Netherlands, Belgium and France. In Germany and Denmark, €0,04 is deducted from the pig price.