Rising pork chunk price does not continue

The price of pork chunks has increased from €0,20 to €23,60 per 100 kilos. This is the largest price increase in 11 months. The increasing feed market is a result of rising feed raw material prices. Barley, wheat and corn are the most important components in the various pork chunks. These prices have mainly been on the rise since the end of September. This translates (with a slowing effect) into buck prices, which have been rising since November.

(Text continues below the chart)Since September, wheat, corn and barley have mainly risen in price. 

Flattening coming
Even though the increase in January was greater than the Compound feed price indicator predicted, it is expected that bulk prices will level off. The price development over the next 6 months is referred to as 'price-bearing'. This is because global grain markets (e.g wheat en corn) feel fundamentally weak, because of the record high inventories. 

Other pig feeds also increase in January. The largest price increase is visible for sow pellets, which rises by €0,30 to €23,40 per 100 kilos. Sow pellet lakto increases by €0,25 to €28 per 100 kilos. This is the highest level since April 2017. Baby piglet pellet and starter/transitional pellet also increased by €0,25 to €34,55 and €27,55 per 100 kilos respectively.

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