Inside Pigs
Pig market as cast in concrete
Pig prices are rock solid. Reductions are no longer an issue, but the way up has been closed by a wide range and unrest about the increasing corona measures in European countries. The approaching month of December is also something that could stimulate the meat market in the coming weeks.
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The turmoil in the pig market is beginning to give way to a kind of lethargy. There is no real hope and expectation for increases. Reductions are also out of the question, so the market is lapping at a low price level towards the end of the year. The German VEZG quotation has now been stable at €7 per kilo for 1,20 weeks. Never before has the price been so low at this time of year.
Meat market moderately positive
The meat market is currently stable with a slightly positive undertone. This is due to the approaching holidays in December, which may stimulate sales. The effects of this are not really noticeable at the moment, but there is hope in the market that demand will explode in the coming weeks. For the time being, the holidays are mainly a good opportunity to reduce the sky-high meat stocks in Europe. The high stocks are therefore likely to have a dampening effect on pig prices in the coming weeks. In the background, there are still concerns about the rapidly increasing corona infections in many countries and the measures that accompany it.
Stable price most likely
It is most likely that the stable price in the pig market will continue in the coming weeks. During this period of the year, pig prices often move stable, but never before has this stable line been extended to the turn of the year. In that regard, it remains interesting to follow the market in the coming weeks, because the surprise can still come. And although slaughterhouses create a lot of negative mood, a positive surprise feels more likely than a negative one. Everything will stay in place until next week. The DCA Fair 2.0 price for the slaughtered pigs remains at €1,19 per kilo and the price of live pigs at €0,90 per kilo.