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Inside Pigs

Full meat market deprives pig price of any perspective

20 October 2021 - Stef Wissink

The mood on the (German) pig market is still gloomy. A large supply of meat from exporting countries is weighing on the European internal market.

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Nevertheless, the German pig price (VEZG) managed to maintain a level of €1,20 per kilo of slaughtered weight for the second time in a row. Parts prices appear to have virtually stabilized for the moment. However, it does not change the poor underlying mood on the meat market. The meat sector, which relies heavily on exports, also has an impact on the world stage hardly any opportunities for sales in the short term to increase. The parties indicate that the aim should be to achieve a 'healthy' degree of self-sufficiency, or fewer animals.

Although there were fears of further cuts, there is also some hope that the upcoming Christmas supplies can provide small boosts and protect the pork price from further cuts. However, with current prices the mood is very gloomy and there is still a lack of structural impulses.

Supply stabilizes
In addition to the difficult meat trade, corona also continues to affect slaughter capacity. Because the amount of available labor is limited anyway, local outbreaks are resulting in lost slaughter days and limited processing capacity. Besides the fact that there is little need for extra slaughter, it also seems hardly possible due to the personnel problems.

The fact that the import of piglets has been at a low level since last summer now seems to be paying off in a stabilizing supply. While slaughter figures usually increase rapidly in September and October, this increase has not yet occurred. Last week, almost 836.000 pigs were slaughtered with an average slaughtered weight of 97,3 kilos. That is virtually unchanged compared to last week. 

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