Inside Pigs
Piglet price breaks due to pressure on pig market
There is little positive sentiment in the pig and piglet market. There are many animals hanging above the market and pig farmers have their hands in their hair. As a result, the DCA BestPigletPrice writes a decrease after a stable trend for weeks.
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As long as the situation on the pig market does not improve, the piglet market is in bad hands. There are currently many pigs hanging above the market and the number is still growing considerably. It is reported that there are currently approximately 570.000 pigs on the market in Germany and this number is increasing by 30.000 to 60.000 every week.
Concerns about holidays
The tension is also high in the Netherlands and there are many piglets and fattening pigs hanging above the market. Many traders think that the pig price is heading for a (heavy) reduction this week. The Christmas period is not yet just around the corner, but it also brings with it a certain amount of extra uncertainty. The German Schweinestau, or oversupply of pigs, threatens to rise to 1 million head around Christmas if no measures are taken, the German interest group for pig farmers (ISN) warns.
Typically, slaughter capacity decreases around the holidays, but the market cannot accommodate that this year. Under normal circumstances, the slaughter capacity will be increased in the coming weeks to compensate for the loss during the holidays, but this year this is not or hardly possible due to the corona measures. The market is therefore in a difficult position, with help from German politics being sought.
DCA BestPigletPrice down
The piglet market is under considerable pressure, although quotations have remained stable in recent weeks. The German VEZG quotation remains at €27 this week. However, the pressure on the DCA BestPigletPrice is increasing, causing the price to drop from €1,50 to €22 per piglet.