Inside Pigs
Oversupply of piglets dries up a bit
The mood on the piglet market is still not the same, but it does seem to be slowly improving. There are still many piglets, but the oversupply is drying up somewhat due to an increasing demand for slaughter piglets.
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The pig market has been in a negative spiral for weeks and the situation was not much different with regard to the piglet price. The supply remains very wide and the sales opportunities are therefore disproportionate. The market has been in this difficult dilemma for some time now.
This week, for the first time in a while, a more positive sentiment can be observed on the piglet market. Export opportunities to Spain are improving somewhat and the demand for piglets for slaughter is also increasing, according to reports from the market. This is also reflected in the Spanish piglet price, which has been on the rise for weeks. This development causes supply to shrink, but obviously does not solve the oversupply in one go.
Small increase
The friendlier-looking piglet market leads to a small increase for the DCA BestPigletPrice, which should mainly be seen as a signal of what the price development is expected to look like in the coming weeks, according to the explanation from DCA Markets.
For this week it means that the DCA BestPigletPrice increases by €0,50 and amounts to €20,50 per piglet. The German VEZG remains unchanged at €22 and in Denmark the price is stable at €26,85.