Sparkle of hope for pig market

The mood on the pig market has changed little compared to the previous weeks. In short, the market remains bad. The German pig price (VEZG) remained the same this week at €1,20 per kilo and the slaughterhouse quotations in the Netherlands and Germany also changed at similar levels. With slaughter figures in the Netherlands hovering around 300.000 from week to week, it is difficult to catch up on the oversupply.

Meat market slightly more positive
There are - finally - slightly more positive reports from the meat market. This can be seen as a bright spot in dark days. The demand for pork in the processing industry appears to be improving slightly. There is slightly more demand for meat, especially in Eastern Europe, in countries that are struggling with African swine fever and are therefore confronted with a shrinking pig herd. In the same breath it must be said that the market has to come from a very long way.

As is already known, meat supplies in Europe are sky high. The Christmas demand on the meat market will probably become more noticeable between now and December. Meat companies still find it difficult to predict whether demand will seriously pick up this year. It is a favorable prospect for the troubled market. 

Stock market price unchanged
For the time being, the main focus remains on limiting damage on the pig market. There are no signals pointing to a turnaround, although it is positive that meat sales in Europe are running slightly more smoothly. In Asia, sales in China are still disappointing, but export volumes in Japan are continuing well. Based on the statements, the DCA Exchange Price 2.0 remains at €1,19 per kilo for slaughtered pigs, while the price of live pigs remains the same at €0,90.

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