Inside Pigs
Hard to find bottom below piglet price
The current difficult conditions on the pig market also weigh heavily on the piglet market. The bottom under the piglet price is hard to find this week. The DCA BestPigletPrice loses considerably.
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This means that the piglet price follows the DCA Stock Exchange Price 2.0, which also suffered a significant drop last Friday. The pork price is suffering from a large amount of pork on the European market, because Chinese imports have put on the brakes. The current demand cannot keep up with the supply on the European market. A lot of meat is frozen, but nevertheless the pig market is suffering and dark clouds hang over the market.
Exports have completely stagnated, pig prices are under pressure and this is offset by sky-high feed prices. Trade on the piglet market is also difficult and stiff. Traders therefore almost unanimously opt for reductions in the expected price.
Quite a minus for the piglet price
The DCA BestPigletPrice is quoted at €25 per piglet for week 41,50. This is a decrease of €7 compared to last week's quotation. The piglet price is not only being reduced in the Netherlands, in Germany the VEZG quotation drops by €8 to €45 per piglet. The Danish quotation also suffers considerably and drops to the equivalent of €56,50 per piglet.