News Pigs
German quotation parries pressure on pig market
The pig market will be under pressure in early 2023. In the Netherlands this leads to price corrections, but the German listing (VEZG) can remain. The gap between the Dutch and German markets is therefore increasing in a negative sense.
Read this article?
Become a subscriber and get instant access
Choose the subscription that suits you
The German pig price this afternoon (Wednesday, January 11) maintains the stable market picture and remains at €2 per kilo. This does not alter the fact that there is no price pressure on the German market, but the VEZG listing does not reflect this. It remains to be seen whether the large slaughterhouses in Germany will also maintain stable performance. A Hauspreise had already been threatened.
Dutch quotes down
The Dutch market is succumbing to price pressure. For example, Compaxo reduces by €0,03 to €1,71 per kilo. They hold back somewhat in this regard from Vion which fell by €0,04 on Monday. However, two weeks ago, when pig prices also had to drop, Compaxo made an extra contribution. Van Rooi reduces by €0,02 and is even more lenient.
With the reductions, the Dutch market is distancing itself further from Germany in a negative sense. This may be because the supply in Germany is extremely tight, even after the Christmas dip. Just under 720.000 pigs were slaughtered last week. Not much for a full slaughter week, although the slaughter numbers were smaller in the first week of the new year due to the holiday schedules. The supply is also clear in the Netherlands, although slaughterhouses claim to have more than sufficient supply.