Inside Enter
Pork chunk prices continue to rise
Pork chunks prices are continuing their upward trend this month. This is apparent from the latest figures from Wageningen Economic Research (WUR). What does this mean for the coming months?
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Prices for February maintain the upward trend of recent months. The price of the starting/transition pellet increases the fastest, by €0,30 to a price of €28,30 per 100 kilos. This brings the price slightly above the 5-year average.
The prices of pork chunks and piglet pellets each increase by €0,25 to €24,15 and €35,55 respectively. As a result, the piglet pellet scores well above the 5-year average. This does not yet apply to pork chunks. Despite the increase, this chunk is well below the same price a year ago. The prices of sow pellet pregnancy and sow pellet lakto both increase by €0,20 to €24,85 and €29,15 respectively.
Future price development
Last month the Boerenbusiness compound feed price indicator indicated that the increase would continue until July 2020. This month's price development shows that the trend will also be continued in August 2020. This is partly due to the prices of the most important feed raw materials that have increased in recent months.
However, the wheat price on the Matif in Paris has remained below the limit of €200 per tonne. The commodity markets may move depending on how the growing season starts in Europe, the US and Russia. The record soybean harvest in South America acts as a buffer above the soy market, which is currently hovering around $325 per tonne. The uncertainty about Chinese purchases of soybeans, wheat and corn also makes the market nervous given their major influence.