Inside Pigs
Another narrow increase for DCA BestPigletPrice
Although the trees on the piglet market certainly do not grow into the sky, the DCA BestPigletPrice has again achieved a small increase this week.
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The turning point in the piglet market took place last week and that is causing a stir in the market. The demand for piglets has improved somewhat in recent weeks, but is still far from wild. And as long as the pig market keeps moving sideways, the scope for increase in piglet prices is quite limited. All the more so because tension has crept into the market due to the outbreak of African swine fever at a fattening pig farm in Germany. Instinctively, an outbreak in the Netherlands has therefore come closer.
Export demand is still weak. Dutch piglet export figures remain persistently low and in recent weeks have sometimes only just exceeded the 100.000 mark. The shrinking numbers are mainly due to a drop in demand in Germany, and of course the decline in the Dutch sow herd also plays a role.
Increase for BPP
After an increase last week, the German VEZG quotation will level off this week at €19. The Danish quotation also does not rise further for the second week in a row. These are signals that piglet prices have little potential. In the Netherlands, opinions in the market are divided. While some traders at DCA Markets opt for a second raise, others do not see the need for it. Ultimately, it results in a small plus of €0,50 to €21,50 per piglet.