Analysis Pigs
Pig market is once again calm
After a lot of hectic activity and sentiment earlier this year, it takes some getting used to now that the pig market has barely moved for weeks. The stable line will also continue next week, as the DCA Stock Price 2.0 remains pale.
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Market sentiment is currently not very dynamic. The pig supply is not extensive, but due to the losses and slaughter days there is no shortage. In the Netherlands there is one less slaughter day this week on King's Day and in Germany on Labor Day (1 May).
The decline in pigs is reflected in the slaughter figures. In the Netherlands, 299.873 pigs were hanging on hooks last week. The loss of a slaughter day a week earlier, during Easter, is not reflected in this. The German slaughter figure narrowly exceeded 740.000, which is not much after a broken week. Moreover, the German slaughterhouses were also closed a week earlier on Good Friday. There will also be no slaughter days later in May, which will temporarily camouflage the shortage.
Cold spring
Meat prices are moving calmly. Due to a persistently cold spring, consumption figures are disappointing. We live in times of high inflation, which puts pressure on the purchasing power of consumers. However, stocks are low throughout the meat sector, which means that the market can move quickly if sentiment changes.
However, that is not the case at the moment. The German pork price (VEZG) remained stuck at €2,33 per kilo for the sixth week in a row on Wednesday. The DCA Scholarship Award 2.0 is also not out of place. The quotation for slaughtered pigs remains €2,25 per kilo. The price of live pigs is also unchanged at €1,78 per kilo.
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