Inside Pigs
Stock price corrects slightly after significant decline
There are still many pigs on the market and the demand is moderate. Last week, the DCA Stock 2.0 price dropped quite a bit, but this week the decline has been slightly corrected.
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The pig supply is still ample and prices in Europe are under pressure. However, sentiment on the market has improved somewhat compared to last week, when the stock price fell.
The number of slaughters has also recovered and increased from 256.000 in week 14 to 344.000 in week 16. This meant that more pigs were on the slaughter hook than in 2019 and 2020. Slaughter weights also fell from 100,7 kilos in week 14 to 99,6. 16 kilos in week XNUMX.
German market
In Germany the situation has stabilized somewhat. There is still a slight oversupply, but the market seems to have recovered somewhat from the large oversupply that arose due to the cancellation of slaughter days during Easter. The German VEZG quotation remained stable this week - after the price suffered a significant drop last week - and is trading at €1,42 per kilo. However, market sentiment can also quickly deteriorate again in view of the holidays in May, which also lead to cancellations of slaughter days.
European pig prices
Prices in the main European pig countries almost all show the same development: a decline. However, not all countries have seen a price drop. In Spain the price has remained stable for some time and in France the pig price is actually finding its way up. Supply is reportedly tight in France and this is driving price increases.
Stock market price corrects
The DCA Stock Exchange Price 2.0 also had to give in to a large supply last week and the quotation of slaughtered pigs fell by €0,07. This week the decline will be corrected somewhat. The Stock Exchange Price increases by €0,01, making it €1,12 for live pigs and €1,48 for slaughtered pigs.