Inside Pigs
Pig price heading for unchanged
It looks like the rising European pig prices of recent weeks will level off. This expectation has been confirmed by the Internet exchange that has set the smallest possible increase on 29 May.
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The European pig market is showing a stable to increasing trend. It is striking in the ISN price comparison that the Spanish pig price increases by €0,02 to €1,569 per kilo after weeks of stability. The same price increase is visible for the German pig price (€1,386) and for the Netherlands (€1,341).
The largest price increase is visible in Italy. There the pig price increases by €0,04 to €1,604 per kilo. The other European pig prices, such as France and Denmark, do show a stable picture.
Flattening coming
The German pig price (the VEZG quotation) is not expected to rise any further. This is because the recent increases have already met resistance. On May 31, the slaughterhouses in a number of federal states are closed due to a public holiday (Sacraments Day). Although German slaughterhouses show demand for pigs, the supply is probably sufficient.
The expectation is underlined by the Internet exchange (+€0,01 to €1,51) which remained almost sideways. 14 of the 17 lots were traded. However, the distance with the German pigs can be called tight; the difference between the two quotations is €0,07 per kilo.
Normal offer in the Netherlands
In the Netherlands, the supply is neither too wide nor too small. Pretty much every trader gets the offer pretty well placed. It is expected that the Dutch slaughterhouses will increase the quotation this week. This in response to previous increase in Germany and the rising DCA Scholarship Price 2.0.