Inside Pigs
DCA BestPigletPrice continues to climb
The piglet market has been experiencing a price recovery for several weeks as a result of the better market conditions. The positive sentiment continues this week, although the price is rising less sharply than in previous weeks.
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The trade in piglets has been a lot smoother for some time now. Since the beginning of December, the oversupply started to dry up somewhat and in the weeks that followed, the relationship between supply and demand actually gave room for higher prices.
Until recently, the same could not be said for the pig market. The pig price has suffered a significant drop and has not been able to recover. It was only last Friday that this negative spiral was broken and the DCA Stock Exchange Price reached a taken a step up. This was the first price increase in almost 5 months. Market conditions on the pig market are improving slowly but steadily. The oversupply is decreasing somewhat and meat exports outside Europe are going well.
Price takes a step up
Partly because of this, sentiment on the piglet market remains positive and the DCA BestPigletPrice is also rising this week, although this increase is less significant than in previous weeks. The price increases by €0,50 to €28,50 per piglet. All in all, the piglet market will start in 2021 in a positive light.
In Germany, the VEZG quotation also took a step up this week, in contrast to previous weeks in which the price remained unchanged. The quotation there increases by €1 to €24. In Denmark the price is also rising and amounts to €29,60.