Pig price helping hand for piglet market

The fact that quotations on the pig market have stabilized has an impact on the piglet market. The demand for piglets is increasing again. German fattening pig farmers are also cautiously inquiring about laying options again. However, there are still free couples hanging over the market. However, the number of couples is shrinking. The supply also decreases seasonally.

German trend report telling 
In Germany, a further reduction was implemented on Monday, October 16, from €2 to €46 per piglet. It is striking that the trend report (unchanged to -€2) for this week sounds less resolute than in previous weeks. It can be seen as a signal that the piglet supply is drying up there too.

It is even quite possible that the German piglet price will remain unchanged next week. However, the recovery of German demand will probably take some time. In Denmark, the piglet price has fallen by €2 to €56,45 per piglet (30 kilos). A similar reduction is still being taken into account for this week.

Spain is picking up
It is striking that many traders report increased demand from Spain. It's still not 'you know it', but the sales opportunities are increasing. As the year progresses, demand from Spain increases. This also seems to be the case this year.

The opinion in the market is that the DCA BestPigletPrice (BPP) does not need to be reduced further. A new reduction would be the 'wrong signal'. After 6 cuts in a row, the BPP now remains at €37 per piglet. 

Vion unchanged 
Vion's pig price remains unchanged at €1,50 per kilo. The slaughterhouse notes that this does not happen automatically, because there is still downward price pressure on the meat market. Demand from retail in particular is lackluster, while the pig supply is large and heavy.