Analysis piglets
Stiff piglet market raises pig price
As smooth as the sale of finishing pigs is progressing, it is so difficult in the piglet trade. Nevertheless, the DCA BestPigletPrice has seen a strong increase this week.
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The higher pig prices are not yet able to loosen the demand for piglets. Trust comes on foot and goes on horseback, and also applies to fattening pig farmers. The demand for piglets is in fact very moderate, while the supply is described as ample. In particular, exports to southern European destinations are lagging behind. The tourist season is coming to an end there and that has to do with it. Today's piglets come onto the market around the turn of the year as finishers.
Quotes in the elevator
Demand for piglets is unlikely to improve in the coming weeks, despite pig prices hitting record highs. It is rare for the piglet market to be wild at this time of year. Still, prices are rising sharply. The German VEZG quotation already rose from €3,50 to €50 on Friday. The DCA BestPigletPrice will also increase by €2 this week to €45,50 per piglet and thus remains reasonably in line with Germany.
The price increases can be seen as a 'redistribution' of the proceeds between fattening pig farmers and multipliers. Based on the piglet market, such increases are actually not feasible, traders indicate. In any case, the price developments of the past few weeks have given the sector a bit of relief across the board.
Click here for an explanation of the DCA BestPigletPrice