Inside Pigs
German pig price backs down
The difficult situation in the meat market continues to negatively affect the German pig price. It has been the same story for weeks: the supply of pigs is not great, but more than sufficient for the demand for meat. The VEZG listing can no longer withstand the pressure.
Read this article?
Become a subscriber and get instant access
Choose the subscription that suits you
In recent weeks, a major battle has unfolded over the German pork price. For weeks, the VEZG price was no less than €0,08 higher than the quotations of the various slaughterhouses. A situation that has rarely occurred. This week, however, the VEZG price reporters have to back down. Slaughterhouses have further increased the pressure.
Holidays do not stimulate
While demand has already been weak in recent weeks due to the reduced international demand for pork, the start of the holidays has now added to this. Slaughterhouses indicate that (processing) companies in food and retail are placing fewer orders. However, parts prices for pork in both Germany and the Netherlands now appear to be stabilizing.
The VEZG quotation has largely given in to the built-up pressure and today (14-7) is trading at €1,42 per kilo of slaughtered weight (-€0,06). Whether the slaughterhouses accept this level remains to be seen.