Inside Pigs
Small increase in difficult pig market
The ample supply of pigs in Northwestern Europe continues to excite people. Although there is improvement, the pigs remain difficult to place.
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Tönnies may be open again, but the meat company does not slaughter more than 8.000 pigs per day in Rheda-Wiedenbrück. This means that the pig supply continues to increase, but that eliminating the slaughter backlog does not really go smoothly. This also has an impact on the Dutch market.
There is improved sales on the European meat market, which is reflected in rising parts prices. With this nice weekend weather, BBQs are smoking more often and there is also slightly more demand from the out-of-home segment. It is noticeable that more tourists spend their holidays in their own country.
Stronger euro is palpable
On the world market, European exporters are being hampered by the strengthening euro, exporters indicate. Expressed in dollars, the price rose last week from €1,12 to €1,18. The euro is also strengthening against the pound and the Japanese yuan. And there is also the export ban to China that price-setting players such as Tönnies and Vion are still struggling with. However, according to the COV, it is likely that the Chinese meat ban will soon be lifted.
Based on traders' statements, an increase has only been achieved for the pigs slaughtered. The DCA Exchange Price 2.0 for slaughtered pigs increases by €0,01 to €1,34 per kilo. The price for live pigs remains the same at €1,05 per kilo.