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Pork chunk price continues to rise
The rising prices of pork chunks continue. The increase in May is now the seventh in a row. Increases are also likely in the coming months.
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Choose the subscription that suits youFigures from Wageningen Economic Research show that the price of pork chunks increased by €0,15 to €24,35 per 100 kilos. Since the upward trend started, the price has already increased by €2,20. The compound feed price indicator also expects an increase in feed prices in the coming months.
Commodity prices have risen rapidly in recent months. This is due to the declining ending stocks that the United States Department of Agriculture (USDA) provides; the wheat price in particular responds strongly to this. The futures market is ahead of the Matif in Paris wheat has now risen to above €185 per tonne.
Erratic commodity prices
In 2017, the wheat price also rose above €180 per tonne during this period, before falling back to lower levels. The weather has a strong influence on the price during this period; Even in minor disasters, market parties react extremely. This leads to erratic price movements.
To illustrate: May 30 delivered the September contract wheat more than €5 up to €180,25. At this time of year the market sometimes tends to exaggerate and then corrections follow. The coming months will reveal at what price levels buyers and sellers will find each other.
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The trend for soy at the CBoT in Chicago appears to be downward.
Although soy is trading erratically on the CBoT in Chicago, the trend is downward. At the end of May, soy was trading at around $375 per tonne. At the beginning of this year it was (briefly) quoted above $390. This while the corn price has been on the rise since this year, rising on balance by more than $25 to a provisional high of just over $160 per tonne. There has been a correction in recent days to around $155 per tonne.
Take the sow pellets up with you
The price of sow feed is also on the rise. For example, the price of sow pellet pregnancy increased by €0,25 to 24,35 per 100 kilos, while the price of sow pellet lakto increased by €0,30 to 28,95 per 100 kilos. Baby piglet pellets increased by €0,25 to 35,55 per 100 kilos in May. The price of starting/transition pellets increased by €0,20 to €28,40 per 100 kilos.
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