German pig price is catching up

Last week there was a cautious plus when the German ZEG quotation rose by €0,02 per kilo. This week the price skyrocketed and caught up to €0,09 per kilo. This brings the price to €1,30 per kilo.

The pig price thus responds to the positive market segment that has been slowly worked towards in recent weeks by reducing the German oversupply. The spring temperatures and the first impulses on the meat market fueled this optimism.

Such a price increase is not usual and has only happened twice in recent years. At the time, the quotation rose by €2 for 2019 consecutive weeks in 2. The current price level is at the lowest level in years, so a significant recovery was expected.

European prices
Pig prices in the most important European pig countries are also on the rise, according to the German ISN price comparator. Only the Danish pig price did not increase last week, but otherwise pig prices are on an upward trend. The biggest risers are the Spanish and Belgian pig prices. Remarkably, these are the highest and lowest pig prices in the comparator.

Room for Dutch pork price?
The DCA Stock Exchange Price 2.0 also recorded a plus over the past 2 weeks, with the price increase of €0,04 last week also being greater than in the previous weeks. Dutch slaughterhouses Vion and Compaxo followed this example again and implemented an equal increase. It is remarkable that Vion still describes the fattening pig supply of heavy pigs as ample and that the meat sales prices are not in line with the development of the fattening pig price. Whether the DCA Stock Exchange Price will find room for a further increase this week will be announced on Friday evening.