Inside Pigs
Poison cup on pig market not empty yet
The pig market has had its worst week in months. And the pressure on pig prices has still not abated.
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The poison cup must be emptied to the last drop, or so it seems. Because even after a blood-red week, there is talk of further reductions. The tide is turning against us, prompted by the continued ample supply in Germany. Tönnies indicates that he wants to scale up the slaughter of 25.000 pigs per week, but German politics has not yet approved these well-intentioned plans. And so hundreds of thousands of pigs remain hanging above the market.
In addition to the wide range, the meat market in Europe is sluggish. The Danes and Germans cannot (or only have limited) access to China, so they fill the European market full of parts. The market's hopes are pinned on Christmas, although less is expected than in other years. The Danish slaughter giant Danish Crown indicates that the meat market often does not look further than 4 to 6 weeks, making the possible vaccine from pharmaceutical company Pfizer still meaningless.
DCA Benchmark Price - Pigs
Due to the different methods of recording at Dutch slaughterhouses, the necessary changes can also be expected next week. Pig traders indicate that the pressure on pig prices continues, although others contradict this. In any case, the market still needs some time to catch its breath. The DCA Exchange Price 2.0 for next week is €1,25 for the slaughtered pigs, which is a change of minus €0,02. The price of live pigs amounts to €0,95, which is a minus of 3 euro cents.