Inside Pigs
Is the turning point in the piglet market already in sight?
It remains a difficult matter to round up the sale of piglets. A situation that has been going on for months. Is the turning point in the piglet market already in sight?
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Although price reductions on the pig market have not been forthcoming for a few weeks now, this is not enough to stimulate demand for piglets. Fattening pig farmers throughout Europe are and remain cautious about introducing new flocks and hoping for better times.
The expectation is that the seasonal supply of piglets will dry up somewhat in the coming weeks. This, combined with shrinkage in the Dutch sow herd, should make the market more transparent. From that point onwards the path upwards may be taken again, as is historically common in November.
Turning point from mid-November?
In recent years (with the exception of 2020), the DCA BestPigletPrice has always increased from week 47 onwards, often earlier. Whether that will also be the case this year remains to be seen. For now, it remains to fit and measure to place the piglets, reinforced by the fact that the slaughter figures in the Netherlands and Germany falter. In short: The turning point is not yet in sight, but the trade is confident that the market will improve in the coming weeks.
Although further price reductions are still being opted for, the DCA BestPigletPrice can hold steady at €20,50 this week. The German VEZG quotation is unchanged at €18.