News Pig market
Flat German pig price heralds end of Christmas rally
The German pig price fails to realize a third increase in a row. With that, the Christmas revival has come to an end.
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The VEZG quotation remains stuck at €2 per kilo. This is historically a high level, but pig farmers had still hoped for more. The fact that the quotation does not rise further is mainly due to the resistance of German slaughterhouses who complain about lost sales in China and lackluster sales opportunities on the internal European market. With 772.366 pigs slaughtered in the past week, the slaughter figure is taking a small step back.
The Christmas rally is also coming to an end in the Netherlands. The slaughterhouses increase the pig price by €0,02 and follow the direction of the DCA Stock Exchange price had started on Friday so not complete.
The coming weeks will show whether pig prices can maintain the accumulated Christmas bonus. Looking at the market, there are concerns about sales opportunities in the new year. It is feared that meat consumption will drop after the holidays. On the other hand, the broken weeks are favorable this year. The pig supply is limited.