Already New Year's hangover on the Dutch pig market

The mood-making of slaughterhouses in the past week turned out to be no hot air. The other slaughterhouses in the Netherlands are following the downward movement that Vion started on its own on Monday. Compaxo, like Vion, reduces by 5 cents. Van Rooi and Westfort are doing a bit less. The German market ends the year unchanged, as there is no trading this week.

The reduction is poorly received by the primary sector. Although a Christmas bonus is always fragile, pig farmers now hoped that the market would be able to survive into the new year. However, according to slaughterhouses, a reduction is unavoidable, as meat sales are 'at a standstill', as indicated by various parties. This is not surprising in itself, but there is also the fear that sales will remain weak in January, with associated concerns about inflation and lower meat consumption. In addition, the Chinese sales market has become extremely uncertain now that corona is spreading rapidly there.

Offer is decisive 
Despite the broken weeks, the pig supply is reasonably clear. However, there will probably be some more supply now that the market is moving downwards. The supply will determine the mood on the pig market in January. A large selection is not in line with expectations. This can be seen as a bright spot for the new year.