Inside Pigs
Pig price heads towards Christmas in stable mode
Pig prices appear to be ending a tumultuous year in a sideways mode. Beneath the stable price surface, the situation still causes headaches in the sector.
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Balance returned to the Dutch pig market this week. Where Van Rooi decreased by 5 cents, Compaxo in turn increased by 2 cents. On the German market, pricing remained the same, at €1,19 per kilo. Pig prices in our Eastern neighbors appear to have stagnated. The supply is and remains extremely wide, but the pressure is now off on pig prices. At the same time, there is no room for more.
Pretty lackluster meat market
The meat market is experiencing a period without impulses in the run-up to Christmas. There is a lot of demand from retail for certain parts, such as hares, which results in higher prices. However, when viewed across the full breadth of the market, the mood is lackluster. The positive news is that meat sales to China are picking up again after a few down periods, exporters indicate. However, the prospects for 2021 are less optimistic compared to the volumes shipped this year.
Getting the pigs placed is and remains the biggest point of concern. Although the situation is slightly less critical than in recent weeks, the broken weeks around Christmas and New Year are almost looming. There are also concerns in the sector about whether Saturday slaughter in the Netherlands can continue from January, and there are rumors that the NVWA may be a spoilsport. This would be a major setback.
Stable Stock Price
Next week, the Dutch trade at DCA Markets is calling, almost unambiguously, for a stable price for the DCA Exchange Price 2.0. The quotation for the slaughtered pigs therefore remains at €1,20 per kilo. The price of live pigs is stable at €0,90 per kilo.