Inside Pigs
Breathing break good for DCA reset Stock price 2.0
The pressure that has arisen on the pig market is reflected in the DCA Scholarship Award 2.0. After taking a breather on December 13, the fog seems to have lifted enough to now come up with a price.
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After the publication of the Stock Price was postponed on 13 December, Vion gave direction to the market again on Monday 16 December. This slaughterhouse lowered the price by €0,08 to €2,04 per kilo. That price is valid until week 2 next year. The slaughterhouse speaks of increasing pressure on the European meat market due to the cancellation of slaughter and processing days.
'Reduction is necessary'
Van Rooi stated in a statement this week why they have not reduced the pig price by €0,20, but by €0,08 to €1,82 per kilo. "This hefty correction was necessary to maintain the meat trade," reports the slaughterhouse. The adjustment announced by Compaxo also came to -€0,08, as a result of which the pig price has fallen to €1,81 per kilo.
The minus of €0,08 used by Vion was also taken over by the German VEZG (the Vereinigung der Erzeugergemeinschaften für Vieh und Fleisch eV) on 18 December: €2,03 per kilo was therefore exchanged for €1,95 per kilo.
More market development
The traders hoped with the later release of the Stock Price to gain more insight into market developments. And it has come. In the past few days, so much has become clear that a Stock Exchange price could be determined again on Wednesday 18 December in a responsible manner.
Participating traders indicate that they are behind the commonly used minus of €0,08. As a result, the stock market price for slaughtered pigs falls to €1,87 per kilo. The price of live pigs falls by €0,07 to €1,51 per kilo. It is important to know that the Stock Price of Wednesday, December 18 applies to week 51, 52 and week 1. On Friday, January 3, DCA will be released again with a new Stock Price.