Inside Pigs
Stoppers offer no problem on the pig market
Pig prices have been taking big steps up for weeks. The stretch is not over yet, although the market is working towards the traditional Christmas peak.
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Slaughterhouses are running at full speed. Last week the slaughter figure was 335.000 pigs. The second highest level ever. The record dates from week 49 last year when the slaughter number was 2.000 higher. There is a good chance that this record will be shattered this week (or next week).
The traders report large slaughter numbers. The fact that the pigs are heavy (average slaughter weight almost 100 kilos) suits the slaughterhouses well. The demand for meat is still booming. In Europe, demand will continue for a few more weeks. China also still requires large volumes. However, time is now running out to get the meat to China before the Chinese New Year celebrations.
Working towards peak
Demand is expected to remain wild in the next 2 to 3 weeks. After that, demand will probably weaken somewhat. This gives the pig price time to work towards the traditional Christmas peak. Despite a series of increases, the ceiling has not yet been reached in Germany.
The Internet Exchange increased on Friday, November 29, by €0,02 to €2,09 per kilo. This provides room for the German pork price (the VEZG) to increase by €3 to €0,04 on Wednesday, December 0,05.
Stoppers offer no problem
There is also no obstacle to an increase for the DCA Exchange Price 2.0, given the demand for pigs ready for slaughter. This means that the supply from the 'stopper stables' is easily absorbed. The quotation for slaughtered pigs increases by €0,04 to €1,95 per kilo. The price of live pigs also increases by €0,04 to €1,58 per kilo.