Inside Pigs
Oversupply turns into search for pigs
The oversupply of pigs seems to be drying up and the supply is currently even described as being scarce. Positive for the pig market and the pig price can therefore take another big jump.
Read this article?
Become a subscriber and get instant access
Choose the subscription that suits you
The pig market has been more positive in recent weeks and the pig price is on the rise. The authoritative German VEZG quotation has risen by as much as €2 in the past 0,19 weeks. The oversupply of pigs there has disappeared like snow in the sun.
That the German meat company West meat a location is once again struggling with corona infections among its staff, comes at an unfortunate time now that the pig market is recovering. As far as is known, the slaughterhouse has not completely stopped work, which limits the damage to slaughter capacity. Daily testing and tightened hygiene protocols prevent mass spread, which occurred in the summer.
The Vietnamese Ministry of Agriculture and Rural Development announced this week that the export of fresh German pork and offal is possible again under certain conditions. The opening of exports to Vietnam is an additional positive development. Unfortunately, there is still no positive news from China.
Search for pigs
Until recently, there was still a large oversupply in the Netherlands, but here too the search for pigs seems to have started. This in turn offers room for the DCA Scholarship Prize 2.0. The quotation for slaughtered pigs increases by €0,10 to €1,43 per kilo. The price of live pigs also increases and increases by €0,08 to €1,08.
The prospects for the pig market, including a scarce supply of piglets, which will eventually make the pig supply scarcer, offer good prospects for further price increases.