Inside Pigs
Will German pig price follow Dutch approach?
The Dutch price recovery of the past week has not been followed up in Germany. This means that the DCA Stock Price 2.0 has been nailed to the ground for the time being and has to wait and see whether the German quotations will go up after all.
Read this article?
Become a subscriber and get instant access
Choose the subscription that suits you
Like earlier this week indicated Denmark and the Netherlands are currently setting the pace on the European pig market. Normally that role is reserved for Germany and to a lesser extent Spain. However, the German VEZG quotation remained stuck again this week at €1,85 per kilo.
The big question is whether the price will still increase in the coming week. If so, Dutch pork prices may take the next step. If not, the top seems to have been reached for the time being.
Meat market remains positive
Looking at the market situation, a German plus is a possibility. The pig supply is described as normal, but pork sales are running at full speed. There is plenty of demand in China and Japan also imports the necessary volumes. Moreover, there is also a shortage on the European meat market. This is particularly evident in the Eastern Member States. Many buyers want to cover themselves for Christmas and that means that meat prices are constantly rising.
The positive meat market means that Dutch slaughterhouses are keeping their foot on the accelerator. The fact that the pigs are very heavy is therefore useful. The average slaughter weight in the past week was no less than 99 kilos and 316.000 pigs were slaughtered.
Stable Stock Price
We are awaiting a response from Germany for the DCA Scholarship Prize. The chance of this happening is estimated as fifty-fifty. The quotation for slaughtered pigs therefore remains at €1,81 per kilo. The price of live pigs is unchanged at €1,46 per kilo.