Inside Pigs
Record increase for DCA BestPigletPrice
The piglet market has been dominated by scarcity these weeks. Various quotations, including the DCA BestPigletPrice, have therefore taken a mega step up.
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To date, the shortage of piglets has mainly manifested itself on the free market, but various traders indicate that gaps are also emerging within fixed couplings. The piglets that are ordered are simply not there; the result is that waiting times increase.
The price rally on the pig market has given a huge boost to demand for piglets. Vion's pork price has increased from €0,11 to €1,77 per kilo. The slaughterhouse speaks of a normal supply and says that the accumulation of increases is leading to strong resistance from meat buyers.
Sporadic increase in Germany
In other European countries the situation is the same on the piglet market. The German VEZG piglet price will increase this week by €6 to €56 per piglet. This is also the trend report of the North/West piglet price, because this quotation already increased by €4 last week. This means that a plus of €10 is on the horizon in 2 weeks. Such increases are sporadic.
In the background, the Dutch piglet supply is increasing again, but the weights are still too low to be able to supply. Moreover, Easter is 14 days away, which means that 1 day of slaughter will be missed. It is expected that supply and demand will become better balanced in the coming weeks, although it will probably take some time before the shortage fades into the background.
Trade calls for 'tight basic price'
To respond to the rising surcharges, various traders are advocating the strict basic price. The DCA BestPigletPrice (BPP) therefore increases by €4 to €54 per piglet, which is the largest increase in the relatively short history of the BPP. This means that last week's record increase (+€3) has already been broken. Until last week, an increase of €2,50 was the maximum.