Inside Pigs
Pig market can take a breather
After a few turbulent weeks, pig prices are showing signs of stability. The meat market still feels nervous in the background. What's that in him?
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Under pressure from the large German slaughterhouses, the VEZG quotation fell this week by 4 cents to €1,20 per kilo. According to slaughterhouses, this reduction was necessary in view of the meat market, which is under severe pressure. Reductions in the same order of magnitude have also been implemented in the Netherlands and other European countries.
Until next week, it is difficult to place a wide range of fattening pigs. Slaughterhouses struggle with staffing issues to fill slaughter and processing lines. This is increasingly reflected in the meat market, where greater price differences arise for boned and unboned meat.
Exciting period
It is suggested that this could disrupt the meat market in the long run, resulting in possible delivery problems at supermarkets. It's not that far yet. Nevertheless, there is an exciting period in the run-up to December when the demand for pork tenderloins and hams is usually high. The hope in the market is that this will boost the demand for meat, but then the deboning capacity must be there.
Pig market insiders hope to limit the damage in the coming weeks. Traders, however, are not reassured and fear further cuts. For now, the market can take a breather: The DCA Exchange Price 2.0 remains at €1,19 per kilo for the slaughtered pigs and the price of live pigs at €0,90 per kilo.