The pig market is in a phase that is characterized by the cancellation of slaughter days. As a result, there is still no room for higher pig prices.
Due to the cancellation of slaughter days around Easter, the pig supply is temporarily larger. The German pig price (the VEZG quotation) therefore remained at €24 per kilo for the second week in a row on Wednesday, April 1,73. With the exception of Compaxo, which lowered the quotation by €0,03 to €1,58 per kilo, European slaughterhouses left prices unchanged this week.
Pigs remain in demand
The Internet Exchange increased on Friday, April 26, by €0,01 to €1,80 per kilo, with all 13 lots being traded. This underlines the positive undertone, as also experienced by Dutch traders. Although there will be another slaughter day in Germany next week (Wednesday, May 1), the pig supply is not necessarily ample. The Dutch offer can also be placed quite easily.
The unchanged pig prices indicate the meat processors the time to catch your breath. Prices are expected to resume their upward trajectory within a few weeks. Due to the lower supply of raw materials, some meat processors have scaled back production somewhat. Resistance to higher pork prices remains, although the meat supply is too tight to make a difference.
Higher prices are just a matter of time
In the meantime, the hefty price increases have become national news, because various Dutch media wrote about it. This can sometimes be a sign that a change in sentiment is lurking. The big question is whether this will also apply in the coming period. The Chinese demand for meat is faltering somewhat in the sense that not all parts (hams and waist) are in demand anymore and prices in the new contracts are also under pressure. The supply in Northwest Europe remains expected in the short term carp.
However, it is still at least 1 week too early for the next price increase. The DCA Exchange Price 2.0 therefore remains at €1,65 per kilo for slaughtered pigs. The price of live pigs is unchanged at €1,34 per kilo.