German pig price is moving again

After the German pig price remained somewhat disappointing last week, the leading German VEZG quotation was increased by €2 this afternoon (Wednesday, June 0,03). Although the slaughterhouses complain quite a bit about the difficult meat trade, a tighter supply justifies higher purchasing prices according to the Association of Erzeugergemeinschaften für Vieh und Fleisch. There will be few slaughter days in the coming period, which means that German pig slaughterers will have to make more efforts to make sufficient use of the capacity.

Meat trade divided
There are mixed voices from the meat trade. The nice weather has a positive influence on meat consumption. In the Netherlands, demand for barbecue packages increased at the end of last week in response to the weather forecast. However, there is currently no additional price to be achieved in meat sales to China. Chinese meat buyers are playing the 'back out' card, according to insiders. New agreements can only be concluded at lower prices. Meat sellers are again focusing more on the European market, which is why it currently feels richly endowed.

Continued good weather will be able to lift the market to higher price levels for the time being. This is a seasonal factor and in combination with the lifting of the corona measures, this effect could be intensified this year.

Listing this year has now increased by €0,38
After the deep price trough caused by the corona pandemic and the outbreak of African swine fever, the German pig quotation is now €0,38 above the lowest quotation of €1,19. Due to this afternoon's €0,03 increase, the VEZG quotation now stands at a level of €1,57 per kilo of slaughtered weight. Market leaders Tönnies and Vion, among others, refuse to pay higher prices and are trading unchanged at €1,54 per kilo of slaughtered weight.