Pressure on pig price is coming up again

Pig farmers are not reassured by the corona crisis and are therefore offering pigs en masse. And because meat sales are stagnating, some slaughterhouses are reportedly taking it easy. 

In addition, there will be a slaughter day in 2 weeks, due to Easter. And there is also a slaughter day in April because of King's Day, although there are rumors that this celebration may be moved to August 31.

Negative Internet Scholarship
Although the German VEZG quotation remained stable this week (€1,89 per kilo), price pressure is increasing. The Internet Exchange has now been negative for a few auctions in a row and has dropped to €1,95 per kilo. When the gauge drops again on Tuesday, it is likely that the German pork price will also drop on Wednesday.

Tönnies indicates that sales to retail have weakened again after the recovery in recent weeks. The hoarding consumer has apparently filled the freezer. And because the food service is not purchasing meat for the time being, sales are stagnating. Vion is also negative about the meat market and therefore decided to close the guaranteed price put on hold for the time being.

European slaughterers are also being hindered on the world market by American exporters who have a price advantage, although meat sales to China are doing well.

DCA Benchmark Price - Pigs  
All in all, a depression is bubbling beneath the surface. On balance, Dutch traders have no interest in having the DCA Stock Exchange Price 2.0 (stock exchange price) pre-sorted accordingly. The quotation for slaughtered pigs remains at €1,77 per kilo. The price of live pigs at €1,42 per kilo. It is good to know that DCA Markets BV reserves the right to revoke the established Scholarship Price no later than Wednesday, April 8, if there is reason to do so. You can read more about this in the explanation of the Scholarship Award by clicking on the link below.

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