Analysis Pigs
The air on the pig market is clearing up quickly
It can freeze and it can thaw on the pig market. After a rough start in 2023, the demand for pigs is suddenly at its best. According to traders, the supply is not able to meet the demand from slaughterhouses. But whether slaughterhouses will also increase the pig price is another matter.
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The mood on the pig market has clearly changed. Even the most pessimistic traders are suddenly optimistic, or at least more optimistic. Whether the demand for pigs has improved, or whether the supply is disappointing? Who knows may say. In any case, sales are suddenly much smoother, which means that demand currently exceeds supply. This makes the recent price cuts even more sad, especially since German pork prices were able to withstand the storm.
Slaughter figures
Looking at the slaughter figures, a tight supply is not immediately apparent, at least in the Netherlands. Last week, 311.255 pigs were on the hook with an average slaughter weight of more than 100 kilos. The slaughter figures are slightly below the level of other years, but the difference is not that big. Apparently the desire to hook pigs has improved in recent days. This is partly due to Saturday slaughter.
Meat prices feel more solid, although sales remain weak. After the carcass parts prices had to suffer significant write-downs shortly after the New Year, meat valorization is now on solid ground again. However, the pig market is much more optimistic than the meat market.
DCA Benchmark Price - Pigs
Many traders opt for an increase in the DCA Stock Price. The price of slaughtered pigs increases by €0,02 to €1,84 per 100 kilos. The price of live pigs increases by €0,01 to €1,43 per kilo. It remains to be seen whether the slaughterhouses will also increase next week.
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