Inside Pigs
Acute price pressure on pig market just passedé
In terms of pricing, the pig market in Northwestern Europe has entered somewhat calmer waters. However, the already known problems have not yet faded into the background.
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After a few turbulent weeks, the tension has subsided somewhat. The fact that the German pork price (VEZG) was able to hold its ground at €1,25 per kilo on Wednesday for the second week in a row can be seen as a starting point. And although the slaughterhouses follow the stable trend, they continue to make waves. The meat sales opportunities seem to be extremely poor, in contrast beef and poultry meat that cause the FAO meat index to rise.
Slaughter figure above 300.000
The supply of pigs ready for slaughter is still oppressively large, resulting in increasing slaughter weights. In the Netherlands, Gosschalk is still not allowed to operate at full capacity and the other slaughterhouses lack the incentive in terms of meat sales to take in extra pigs. The cold stores are reportedly packed with pork, which entails high storage costs. Yet the number of slaughters in the Netherlands narrowly exceeded the 300.000 mark last week for the first time in months.
Stable DCA Scholarship Price
A higher pig price is not a realistic option for the time being. For now, a reduction in the pig price is no longer an acute threat, but the downward pressure still hangs like a thundercloud over the market. Based on the statements in the DCA Exchange Price 2.0 for slaughtered pigs, this remains unchanged for week 38 at €1,24 per kilo. And the quotation for slaughtered pigs is €0,94.