Inside Pigs
Piglet price regains some profit
The DCA BestPigletPrice takes another step this week to escape the deep price trough. Slowly but surely better messages are coming from the export front.
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The piglet market was surrounded by bad news for a long time, but that now seems to be disappearing more and more into the background. The price increases in recent weeks are creating demand. Supply and demand are now reasonably in balance, there are no more couples hanging over the market.
Spanish demand improved
Increasingly, traders are reporting improved export demand, particularly from Spain, which is common at this time of year. The Spanish piglet quotation supports this picture and rose by €2 last week. The signs are also turning green in Germany, the VEZG quotation will increase this week by €1 to €20 per piglet.
All in all, the piglet trade is running a bit more smoothly. Based on the statements, the DCA BestPigletPrice will increase this week by €1 to €22,50 per piglet. For the coming weeks, it is likely that the market will continue to look up, although major price increases are not likely. This is due to the persistently low pig prices, which are showing no signs of increasing, despite the approaching Christmas.