The mood on the pig market is improving, although pig prices in Europe show a stable picture. In Germany, the Internet exchange is tight in the market, while the range is not described as wide.
In the weekly price comparison, the ISN (the representative of German pig farmers) compares pig prices in Europe against the same yardstick. This week prices show a largely stable picture. For example, the pig price in Spain remains the leader at €1,538 per kilo, followed by the German pig price at €1,316 per kilo.
The Dutch pig price turns green; this increases by €0,03 to €1,27 per kilo. However, the increase can be seen as a correction on last week's reduction. The pig price in Great Britain increases by €0,06 to €1,64 per kilo. However, this price often fluctuates, partly as a result of the conversion from pounds to euros. It is striking that the Spanish pig price did not move in the recent price dip. Apparently the supply there was always tight enough to prop up prices.
(Text continues below the chart)Compared to other prices, the pig price in Spain remains remarkably stable.
German offering is not too wide
It can be said that the mood in Germany has improved. This is also evident from the Internet Exchange, which stabilized at €15 per kilo on May 1,46, after an additional €0,04 per kilo in the previous auction. The supply in Germany is not too wide, which implies that slaughterhouses are slaughtering at a good pace. Especially because there is a series of broken slaughter weeks this month, which means the supply is wider. At the same time, there is a seasonal drying up of supply.
The difference between the German pig price (the VEZG quotation) and the Internet exchange has now risen to €0,09 per kilo. Normally this would mean that the German pig price would increase, as the range is usually €0,05 to €0,06 per kilo. However, it remains to be seen whether the North/West Commission will receive sufficient input to increase the German pork price.
Dutch slaughterhouses speak of minimal margins. If an increase occurs in Germany, it is therefore uncertain whether German slaughterhouses will follow this in their own listing.