Inside Pigs
Wider supply does not put pressure on pig prices
The pig market is supported by good meat exports to China. Meat sales in Europe are more difficult, while the pig supply is ample. Still, the DCA Stock Price easily holds up.
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After a few eventful weeks (with rising pig prices and then Hauspreisen), calm has returned to the market. The German pig price (VEZG) remained the same this week at €1,85 per kilo and other European quotations also took a step back.
Wider offering
There will be more than enough pigs for next week. There are plenty of Beter Leven pigs (1 star) in particular. Traders who only deliver to the Netherlands therefore sometimes have to pass on supply. Other traders, who also have sales in Germany, can sell the 'leftovers' there.
The seasonal supply in the Netherlands is visibly increasing, but all in all it is not excessive. Last week's slaughter figure rose to 298.000. The average slaughter weight has increased by 0,30 kilos to 96.90 kilos. German slaughter figures are also on the rise and passed the 900.000 slaughter mark again last week.
China remains on the market
The meat market is a bit in two minds. Sales to China were already good in the spring, got even better in the summer and will most likely continue in the autumn. Demand for meat parts in Europe has weakened somewhat in recent weeks. However, the meat supply remains limited. This is because China (in addition to by-products) is increasingly importing European meat parts.
All in all, the market is in balance. The floor under the pig price feels solid. At the same time, there is no room to rise in the short term. This means that the DCA Exchange Price 2.0 remains at €1,76 per kilo. The price of live pigs is unchanged at €1,42 per kilo.