Inside Pigs
DCA BestPigletPrice finally hits bottom
The piglet market has been using the same approach for weeks. However, this week there is 1 difference and that is the fact that ...
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It is almost self-evident that fattening pig farmers show little or no interest in piglets. Given that most piglet prices are at record low levels, this is somewhat surprising. It is typical that there is still little confidence in a recovery in the pig price.
Traders speak with resignation about the situation on the market. Nothing seems to induce fattening pig farmers to introduce new piglets. Sales within the fixed connections are still reasonable considering the circumstances, but sales on the open market are a disaster.
€24
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at week 41
The look ahead
There is some hope on the horizon. This is because traders notice that the supply is decreasing. This is in line with the seasonal cycle. It is cautiously noticeable that the supply on the piglet market is drying up. This is also the reason why the statements at DCA Markets are largely unchanged. The hope is that (inter)national 'bargain hunters' on the free market will no longer wait, but will impose again.
A bottom is also forming on the German market; the Nordwest piglet price remains at €29 per piglet and the trend report for this week is unchanged. The same applies to Denmark, where the price is €33,60 per piglet (up to 30 kilos, PRRS-free).
Vion's pork price down
The bottom has not yet been reached on the pig market. Vion's pig price will fall this week by €0,02 to €1,35 per kilo, responding to other slaughterhouse quotations that have already fallen in the past week.