Pig market not out of whack now that 'r' is in month again

Ultimately, the primary sector received the pig price it had been hoping for in August. Last month the market picked up unexpectedly, boosted by the heat and the associated slowdown in growth. The German quotation set a new record at €2,05 per kilo. The Dutch listings did not succeed, but did achieve significant increases.

It is now September. In that month it can freeze or thaw on the pig market. This year the market seems to be choosing a stable course. The pig supply in (particularly Germany) is too tight for slaughterhouses to raise the mood or reduce prices. The supply is increasing somewhat, but with just over 700.000 slaughters from week to week, there is considerable understaffing in slaughterhouses. The supply in the Netherlands is relatively large, but not oppressively large.

Positive undertone on meat market
The undertone on the meat market is good. The demand for BBQ meat is decreasing as retailers scale down their range. However, the meat processing industry is running at full speed again and is preparing for the colder months. Insiders describe meat stocks as low, which is a price-supporting factor. Exports to Asia continue to run reasonably well due to the weak euro, but at the same time they are not wild.

A stable change in the pig price is most consistent with the current market picture. This is also mainly the aim of the Dutch pig traders with their application for the DCA Stock Exchange Prize 2.0. The price for slaughtered pigs remains stable at €1,93 per kilo and the price of live pigs at €1,53 per kilo.

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