Analysis Pigs
Piglet price once again opts for an upward direction
Piglet prices took another unexpected step up this week, reflecting the positive undertones in the pig market.
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The renewed revival started on Friday when the German piglet price (VEZG) increased by €1,50 to €84,50 per piglet. This set a new record and also confirmed once again that the number of piglets in Germany is very scarce in relation to the good demand. Fattening pig farmers are confident that the market will remain good for the time being and are proceeding smoothly.
Good question
Dutch piglet exports benefit from good German demand, but demand on the domestic market is also consistently good. The slight increase in the DCA Stock Price last Friday confirms the good undertone on the pig market, although Vion leaves the pig price unchanged. Yet many traders are calling for a small increase in the DCA BestPigletPrice, which will rise by €0,50 this week to €77,50 per piglet.
Normally, piglet prices tend to go down at this time of year, but there is no sign of that happening yet.
Click here for an explanation of the DCA BestPigletPrice.