Analysis DCA BestPigletPrice
Stiff piglet market is left with nothing but reduction
Now that the pig market is under considerable pressure, the piglet price must also decline. Sales this week are going to be even tougher than it was before.
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The piglet market was already suffering from doubts among fattening pig farmers and confidence has become more fragile now that the pig price has been sharply depreciated. The result is that the supply of free piglets is increasing. The numbers themselves may not be too bad, but a lack of demand is causing oversupply.
A solution to the situation is not in sight. Piglets that are now being laid up will be on the market as fattening pigs at the end of February. Fattening pig farmers usually do not have the illusion that the market will be more positive than it is now and will hold off. This is the case in our own country, but the situation is no different on the export markets in Germany and Spain.
German rating also down
To keep the flow going, traders opt for a (heavy) reduction in the DCA BestPigletPrice. Based on the statements, the quotation drops by €2 to €42 per piglet. The German VEZG piglet price has also been significantly depreciated, with a decrease from €4,50 to €48 per piglet. The VEZG has been able to remain stable in recent weeks.
Click here for an explanation of the DCA BestPigletPrice.