Supply pressure on the pig market remains in force. And although the German pig price falls again today (July 8), the provisional DCA Stock Price 2.0 will be last Friday not revised.
The German pig price (VEZG) loses 13 cents to €1,47 per kilo. The high levels that we have become accustomed to in recent years are increasingly disappearing from view. The pig supply in Northwestern Europe is now running out and the situation will remain the same for the coming week, as Tönnies will remain closed even then.
Moderate reductions
After significant reductions in the past week, Dutch slaughterhouses are cutting more moderately this week. Van Rooi does 3 cents to €1,27, after Vion reduced 4 cents to €1,47 (including VAT). Both slaughterhouses are facing an export ban to China, which according to the COV will probably remain in place for the time being. Compaxo, which can still export to China, also cuts by 3 cents to €1,26 this week.
For DCA-Markets, this development is no reason to revise the DCA Stock Price 2.0. On Friday, the quotation for slaughtered pigs was provisionally set at €1,33 per kilo and that price level has become final. The price of live pigs remains definitively at €1,05 per kilo.
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