Analysis DCA BestPigletPrice
Biggenmarkt gets into shape and gains ground
It gives the piglet market even more energy now that pig prices are also moving upwards. This enables the market to take major steps.
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A November upturn on the piglet market is usual, but the market is rising faster than usual this year. Due to the high slaughter figures, there is a lot of space for placement. Rising prices create additional demand, while sow farmers are in no hurry to supply.
This results in a market that is characterized by shortages. This takes some getting used to for traders, given that the market has been characterized by continued ample supply in recent months.
German demand on the rise
The export demand is described as good, with Spain in particular attracting the piglets. Buying interest is also emerging from Germany, traders indicate. The so-called 'flexmesters' are considering imposing flocks again, despite the high energy and feed prices. The German piglet price (VEZG) will increase this week by no less than €4 to €55. The surcharges that have to be paid are also increasing somewhat.
Good momentum
The piglet market is in good momentum and will remain so until the broken slaughter weeks around Christmas. This enables the market to make some gains before the turn of the year. Based on the statements, the DCA BestPigletPrice increases by €3 to €49 per piglet.
It seems only a matter of time before there is a five for the BPP again. Only in 2019 was this the case around this time of year. It should be noted that higher prices are more than welcome for propagators to cover costs.
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