Inside Pigs
Supply decreases, deadlock on pig market remains
Unfortunately, pork sales are not showing an upward trend yet. This puts the pig market in an impasse. The pig supply, on the other hand, is not excessively large.
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The European pig market is still characterized by an oversupply of pork due to the decline in Chinese import needs. Pig prices in Europe have fallen sharply in recent weeks and the downward trend continues to dominate this week. The German ISN price comparator shows that leader Spain in particular had to make a significant sacrifice this week and the price is also falling in Denmark and France. The German VEZG quotation remained stable last Wednesday (7 July) at €1,48 per kilo.
DCA Scholarship Price 2.0
The difficult market conditions continue and offer little prospect of a recovery in the short term. In the longer term, conditions are expected to improve again. China is still struggling with outbreaks of African swine fever (ASF) and has reportedly slaughtered many pigs preventively. This has contributed to the sharp decline in Chinese import needs. Once China has processed the higher domestic supply and supply stagnates again, Chinese purchasing desire will most likely increase again.
However, the DCA Exchange Price 2.0 has no use for this perspective in the short term. Due to a decreasing pig supply, there will be no further reduction in the pig price, just like last week. This means that the DCA quotation for the second week in a row is €.146 for slaughtered pigs and €1,10 for live pigs.