Inside Pigs
Vion cuts sharply, piglet price also down
Vion is implementing a significant reduction in the pig price this week. The lackluster situation on the pig market means that piglet prices are also not...
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The pig market is off to a bad start in 2020. After the DCA Stock Price was already 7 cents on Friday went down, reduces Vion by €0,10 to €1,94 per kilo. The abattoir is going a step further in a negative sense, with which the quotation drops through the psychological limit of € 2 per kilo that was passed at the beginning of November.
According to Vion, European meat sales to China are under pressure. This is partly because American exporters have no longer been confronted with a increased import tariff.
Lower BPP
All in all, these are difficult first weeks of the year for the pig trade. Due to the Christmas prop, which is putting pressure on pig prices, the busy piglet trade is also slowing down. In addition, the supply of piglets has increased considerably after a series of broken weeks. That is why Dutch traders are opting for a reduction in the DCA BestPigletPrice. This decreases by €1 to €62,50 per piglet.
The German piglet prices hold up at €71 per kilo. There is no such thing as an oversupply. Germany is a net importer and that explains why the quotations there are not under pressure. Both the pig and piglet markets will probably need a few weeks to get back into balance.