Inside Pigs
Piglet trade switches back a gear, price stable
The piglet trade has been going through a storm lately and is now switching back a notch. Last week the DCA BestPigletPrice rose, but this week the price is moving sideways.
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Compared to the previous weeks, the piglet trade is currently somewhat more difficult. That is not surprising, given the strong recovery that the market has had. Exports to Spain reached unprecedented high levels, but are now declining again. The total Dutch piglet export in week 11 was also slightly below the export volume of week 10. The level of piglet exports from 2019 and 2020 has lagged considerably since week 10 this year.
In addition, the supply of pigs is still ample, which somewhat limits the throughput. Last Friday, the DCA Stock Price 2.0 already remained stable and prices elsewhere in Europe also move largely unchanged in the run-up to Easter.
The Spanish quotation breaks that trend and increases the distance with the other European prices. It should be noted that Spain is largely responding to the missing German volumes to China.
Stable piglet price
The DCA BestPigletprice follows the movement of the DCA Stock Price 2.0 and also remains unchanged. This means that the piglet price remains at €52,50 per piglet. Prices will also not be increased in Germany and Denmark this week. They remain at €53 in Germany and €62,50 in Denmark.