Inside: Pig Market
Is the European pig market recovering from the price drop?
European pig prices are still a bit of a shock this week, after sharp cuts last week. Which direction will the pig market take now that the supply is taking on more normal proportions?
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The ISN price comparison shows that the largest decline is in Germany, where the pig price drops by €0,04 to €1,246 per kilo. In France, a reduction from €0,03 to €1,288 is visible, but there supply and demand are becoming increasingly better balanced. French analysts therefore do not expect the pig price to decline further in the coming weeks.
A reduction of €0,03 is also visible in Denmark, where the pig price is €1,288. In the Netherlands, the pig price remains stuck at €1,180 per kilo. Although there was already a significant correction here last week (-€0,07).
Soil formation
The Internet Exchange, which rose by €23 to €0,01 per kilo on Tuesday, January 1,35, signals that there is bottom formation on the German pig market. According to German slaughterhouses, the weights are back to their old level. There could even be room for placement again by next week. The German pig price (VEZG) is expected to remain at €1,30 per kilo this week.
What will the pig price do?