Inside Pigs
Flag on piglet market is at half mast
Where the flag is in the top on K(W)oningsdag, it is at half mast on the piglet market. What is the drop in DCA BestPigletPrice for week 18?
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The harbinger of the piglet price forecast from Germany was not positive last Friday. At that time, the Association of Erzeugergemeinschaften für Vieh und Fleisch eV (VEZG) already issued a forecast for the piglet price of €67, which meant an expected change of minus €6. The change in the DCA Stock Price 2.0 underlined the negative sentiment. This made the decline for the DCA BestPigletPrice seem inevitable.
Pressure from free trade
Indeed, the VEZG announced today (Monday, April 27) that the change amounted to minus €6. This is also the trend report for the Nord/West quotation for week 18. For week 17, the Nord/West amounted to €73, which is minus €3 compared to the quotation of week 16.
The DCA BestPigletPrice amounted to €55 on King's Day, a change of €4,50 compared to week 17. From conversations with traders it could be noted that pressure was exerted on colleagues, especially by traders in free piglets, to raise the price significantly. to lower. The explanation from DCA Markets shows that although the pressure on piglet sales has increased, there is no question of a free fall.