Inside Pigs
Gas before the bend is not a wise choice
Pig prices are unable to resume their upward trend in the second week after Easter. However, an increase does not seem to be long in coming, but then there must be more clarity, especially in meat sales.
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Also this week, 1 slaughter day was canceled in Germany (Labor Day), which means that the pig supply is in line with demand. The broken weeks are behind us, so the offer will be tested again in the coming weeks. The German pig price (the VEZG quotation) remained stable this week for the third week in a row at €1,73 per kilo. However, the Internet Exchange on Friday, May 3, shed a different light on the market (+€0,04), with all supply being traded. €1,84 was quoted.
In the Netherlands, the pig supply is more than sufficient compared to demand. A number of traders are having difficulty placing their pig supply. In addition, the pigs are gaining weight again, as a result of the broken week of Easter and King's Day.
Sell less well
Meat sales are less smooth. Meat sales in Europe in particular are sold for less money. It is also relatively cold these days for the time of year, which means that the BBQs are not (yet) lit. Sales of meat and by-products to China continue at a high level, while Japan is also on the market.
It is expected that pig prices will resume their upward trend when supply tightens again. However, this is not yet the case in the Netherlands. The DCA Exchange Price 2.0 will therefore remain at €1,65 per kilo for slaughtered pigs for next week. The price of live pigs is also unchanged, but at €1,34 per kilo.