News DCA BestPigletPrice
Pig price stimulates piglet market a bit
It seemed that the piglet price was at its ceiling. However, the unexpected rise in the pig market sheds a different light on the bag.
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Although the piglet trade is still quite difficult, the market has received new impulses in recent days. The German piglet price (VEZG) even increased by €3 to €56 per piglet this week. This relatively large increase is due to the unexpected upturn in the pig market in Germany last week.
Minimum plus at Vion
Dutch pig prices are also expected to pick up this week. However, it can be concluded that Vion increases with the foot on the brake. With a minimum plus of €0,01 the quotation rises to €2,07 per kilo (including VAT). According to the meat company, there is nothing more in it. Due to the extreme cost increases in the chain, meat processors want to keep as little stock as possible, which dampens the demand for parts and carcasses. Furthermore, the effect of inflation on meat consumption is a concern, Vion comments on the change.
Due to the rising pig prices (albeit small), the DCA BestPigletPrice is still able to book limited ground. Many traders base their increase in view of the precarious situation in sow farming. Based on the statements, the BPP increases by €0,50 to €46,50 per piglet.
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