Analysis pigs
Trade sees room for further price improvement
The Dutch slaughterhouses are responding slowly to the reports of higher pig prices in many neighboring countries. Traders find it too slow and point out that the supply of pigs is still declining and that meat prices are rising.
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"We may have been a bit cautious recently, but this time the price in the Netherlands really needs to go up a bit," says a large pig trader. Fellow traders also believe that, given the broad positive sentiment, the slaughterhouses here should now also start moving.
The Dutch slaughterhouses have been reluctant to date. That creates misunderstanding and frustration here and there. Because, what reason is there not to raise when most of the signals are green, another trader responds.
Only Internet exchange slightly weaker
To be honest, he has to say that the internet exchange fell a few cents this week, but that is really the only possible objection.
Slaughterhouses refer to the still ongoing summer period with limited demand for pork. This would mean less slaughter and less meat sold, but this should mainly play a role in the Netherlands. In Germany there seems to be more life in the brewery in terms of sales. Slaughterhouse Tönnies, for example, has a fairly positive view of the market.
The DCA Stock Price 2.0 is positive, based on traders' statements for next week. The slaughtered pigs show a plus of €0,05 and therefore rise to €1,92. The increase for the live pigs was €0,04, bringing the price to €1,52.
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