Inside Pigs
Piglet price increases after a stable period
Sentiment on the piglet market is making progress. Trade is less difficult and piglets are in high demand. Last week there was no room for an increase for the DCA BestPigletPrice, but that will change this week.
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The trade in piglets has not been smooth sailing in recent weeks. Exports fell sharply and the free market was sluggish. Last week the piglet market looked a bit friendlier, but was still there nonetheless no room for an increase in the piglet price.
This week the optimism seems to continue. Demand remains good and individual couples are also placed more easily. Exports are also on the rise again. While traders reported increasing demand from Spain last week, Germany in particular seems to be leading the charge this week.
The most recent export figures (week 19) also show a growing German import need. The bottom seems to have been reached and exports are on an upward trend. Nevertheless, the level of previous years is still not equal.
BestPigletPrice
Good domestic demand in combination with improving exports and a higher DCA Exchange Price 2.0 creating room for the DCA BestPigletPrice to rise this week. This breaks the stability of 3 consecutive weeks and increases the quotation to €49,50 per piglet.
The piglet price is not only on the rise in the Netherlands, the VEZG quotation also increased in Germany and is trading at €53 per piglet. The difference with the Danish piglet price still remains large, because the quotation there is also increasing. Piglets yield the equivalent of €66,60.