Inside Feed
Chunk price of pigs enters flat period
The price of chunks of pork has been on the rise for months as a result of rising commodity prices. In the short term, a price increase seems over, but the uncertainty for the somewhat longer term remains.
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Choose the subscription that suits youFigures from Wageningen Economic Research (WUR) show that the price of pork chunks rose by €0,20 in June to €24,55 per 100 kilos. The same increase to the same price level applies to the price of sow fodder pregnancy. Sow pellet lakto increased by €0,20 to €29,15 per 100 kilos, while starter/transition pellet increased to €26,60 per 100 kilos. A price reduction of €0,30 is visible for baby piglet pellets up to €35,85.
As a result of the price increase, almost all feeds move around the 5-year average. The compound feed price indicator predicts that the price of pork chunks will not increase further in the coming months.
Commodities market volatile
A shot in the arm is required here. Due to the drought in Russia and Europe in particular, grain yields are under pressure. The International Grain Council (IGC) has a prognostic therefore adjusted downwards. The wheat price on Matif is again above €180 per tonne at the beginning of July. If the drought continues, further price increases are on the horizon. Wheat is (very) dominant in many pig chunks, which means that the effect of any price increase is significant.
This does not apply to the soy price, listed on CBoT in Chicago. This quotation has now dropped to approximately $310 per tonne, while it was still quoted above $380 per tonne in mid-May. The reason for this is the tension in the market regarding the trade war. In the wake of this, the corn price. In addition to the trade war, the good growth conditions in American production areas are putting pressure on prices.
Since the second quarter, the wheat market has been strongly influenced by the weather.