Inside: Pig Market
EU pig price stabilizing, but for how long?
After a few weeks of price falls, most European pig prices are back on track. The question is whether the German pig price (the VEZG quotation) can counter the pressure exerted by the large slaughterhouses. Due to a broken slaughter week, they have free rein.
Read this article?
Become a subscriber and get instant access
Choose the subscription that suits you
In the ISN price comparison, the Spanish pig price stabilizes at €1,538 per kilo. The pressure on the European pig market these days is not coming from Spain, as the pig price there has not fallen in recent weeks. This is because supply is tighter than demand. After 2 price corrections in a row, the pig price in Germany has stabilized at €1,396 per kilo, while the Dutch pig price remains at €1,331 per kilo.
In Denmark the pig price is falling; by €0,04 to €1,342 per kilo. The French pig price has fallen from €0,02 to €1,411 per kilo. It should be noted that the quotations in these countries remained stable in the previous weeks.
mood making
In Germany, both Tönnies and Westfleisch have announced that they will reduce the quotation this week by €0,05 to €1,40 per kilo. The question is whether the North/West committee will go along with this, or whether it will record a high price.
The situation on the German market is that the supply cannot necessarily be called large, because in recent weeks pig farmers delivered well in advance. At the same time, demand from slaughterhouses is very lackluster; In combination with the cancellation of a slaughter day (Easter Monday), the floor under the German pig price can be called fragile.
Internet scholarship yields
Since there has been a 'hauspreise' twice before this year, this sentiment is too serious to ignore. The Internet Exchange offered few starting points on Tuesday, March 2. The quotation fell by €27 to €0,01 per kilo, with only 1,48 of the 2 lots being purchased.
Most EU pig prices hit a bottom in week 13.