Inside Pigs
Pig price continues to rise despite broken week
The pig market is starting to get some air and sentiment is turning. The German pig price started to rise earlier this week and the DCA stock price, which already showed a cautious plus last week, also finds room for a further increase this week.
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Announcements of relaxation of the corona measures in Europe are good for the pig market. Sales opportunities to the catering industry are improving and there is hope that good weather conditions can provide an extra boost.
On the pig market in Germany, the VEZG listing last Wednesday (May 14) already a step up. The supply of pigs ready for slaughter is decreasing somewhat, which stimulates a price increase.
Buying interest
The mood on the Dutch pig market is also improving. The number of slaughters has increased and reached 18 heads in week 326.000. The average slaughter weight was around 99,6 kilos. Demand is increasing and German purchasing interest has also grown again.
The DCA Stock Exchange Price 2.0 already experienced a cautious increase last week, but is rising much more strongly this week, mainly due to the better mood. While there was a price increase of only €0,01 last week, the quotation for next week will increase by €0,05 to €1,54 per kilo for slaughtered pigs. The price for live pigs increases by €0,04 to €1,16 per kilo.