Inside: Pig Market
ISN: 'Pig prices are rising almost everywhere'
The Internet exchange again recorded a plus on Tuesday 6 February. This means that, despite the pluses in the pig price, the gap between the German pig price (the VEZG listing) and the Internet stock exchange has widened even further.
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The gap between the internet exchange and the German pig price reached the maximum bandwidth in week 5. In the meantime, almost all pig prices have risen, but the size of the gap is only increasing. For example, the Internet Exchange increased by €6 to €0,02 per kilo on Tuesday, February 1,44. As a result, the difference amounts to €0,11 per kilo.
First positives since June
The changed sentiment translated into higher prices in week 5. The ISN (the representative of German pig farmers) indicates that these are the first positives since June. Only in Denmark did slaughterers not go along with the increases.
As a result of the price increase, cold stores are trying to replenish stocks quickly in order to benefit from the lower prices. Something that is supported by the weight of the pigs for slaughter. It is slowly starting to decline. As a final argument for the rising prices, the ISN looks at the supply, which is starting to decrease.
Typically, prices are given the opportunity to rise further once this point is reached. The fear of higher prices in particular drives demand further, which as a logical consequence is an argument for higher prices.
View the prices.
Only in Denmark the pig price is not rising.