Inside Pigs
German pig price takes a surprising step up
The German pig price breaks with the negative trend of recent weeks and today shows an increase for the first time in weeks. Whether Dutch prices can follow this movement remains to be seen.
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Last week there was already a trend break when the German VEZG quotation did not fall further, but stabilized at €1,60 per kilo. This week the authoritative quotation shows a surprising increase from €0,06 to €1,66 per kilo. The change can be seen as a correction to a series of declines in April and May.
Demand for ready-to-slaughter pigs in Germany is reported to be on the rise again, partly thanks to the fact that Westfleisch has started slaughtering again in Coesfeld. This after the slaughterhouse was shut down last week due to a corona outbreak. The closing is reflected in last week's slaughter figure, which came to 895.583, which is relatively little for a full week of slaughter.
It is still uncertain whether Dutch pig prices can catch up with the revival in Germany, now it appears that the Vion slaughter site in Groenlo closed for the time being due to a corona outbreak. The consequences of this are still difficult to estimate on Wednesday afternoon
European pig prices mostly stable
Pig prices in Europe are mostly stable this week, according to the ISN price comparison. In general, prices in the main pig countries in Europe remain fairly stable. Only the prices in Spain and France have fallen by a few cents this week.