Inside Pigs
Pig market still feels uncertain
The undertone on the pig market is uncertain, mainly due to sluggish meat sales. How does the DCA Stock Price react to this?
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All in all, it was a turbulent week on the pig market. The German VEZG quotation fell by 5 cents this week to €1,84 per kilo. A movement that the large slaughterhouses willingly followed. In the Netherlands, the slaughterhouses that published the price on Wednesday took the initiative and reduced prices in a range from -5 cents to even minus 9 cents. The DCA Benchmark Price - Pigs corrected retroactively.
Due to the lockdowns and logistical restrictions, there has been reduced sales of pork. The luxury parts in particular are in short supply. There is also a wide range of whole and half carcasses, because the deboning capacity in various countries is not running at full capacity. In addition to the difficult meat market, there is a persistent (too) ample pig supply. Due to the downward prices, many pig farmers are in a hurry to deliver.
Price comparison
The ISN pig price comparison shows more price changes this week than last week. The Danish pork price remains the same at €1,99 and is therefore in first place. Spain remains in second place, but the price drops by 2 cents to €1,94. The French price has suffered the biggest drop this week, dropping 4 cents to €1,71. France continues to rank above Belgium, the Belgian price fell by 3 cents this week to €1,68.
DCA Benchmark Price - Pigs
A second reduction in a row for the DCA Exchange Price 2.0 cannot be averted, according to the statements at DCA Markets. The quotation for slaughtered pigs drops by 1 cent to €1,71 per kilo. The price of live pigs also drops by 1 cent to €1,37 per kilo.