Inside: Pig Market
Oversupply forces Vion to be creative
The situation on the piglet market is nothing to write home about. For many traders it is doom and gloom, although others are a little less gloomy. How about that? Subscribe to 'Pigs & Feed Pro' and find out.
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The oversupply of piglets continues to hang over the market. Everyone with an interest in the piglet market will agree with this, although some are more gloomy than others. Despite the significant corrections in recent weeks, fattening pig farmers are still not interested in imposing restrictions. In Germany it results in a reduction of €2 to €50 for the North/West quotation, with the same trend report for this week.
DCA BestPigletPrice down
The free connections are still flowing to some extent, because fattening pig farmers do not want to force the relationship with their breeder. However, in terms of margin, little or nothing is expected from the third fertilizer round. On the open market, traders receive few or no offers, even at dump prices. The DCA BestPigletPrice therefore remains in one direction and that is downwards. At €1 the quotation drops to €2,50 per piglet.
Vion is also pushing pigs
Vion's pork price drops by €0,04 to €1,52 per kilo. A change that is based on a continued large supply and a weak meat market. The necks and bacon in particular count poorly, the statement reads.
It is striking that the supply in the Netherlands is so large that Vion is considering transferring pigs to slaughter locations in Germany. In other words: the Dutch pig market is overflowing with supply.