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 Scholarship Award 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 Scholarship Award
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.