Analysis Pigs
Pig market follows pig price again
The rapidly improving pig prices are also driving up piglet prices. Although the piglet supply is no longer as tight as pakembeet a month ago, this does not prevent a further price increase.
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Normally piglet prices are in a downward spiral at this time of year, but this year the market is not taking seasonal patterns into account. Whenever hog prices move upward, piglet prices follow almost blindly.
The German piglet price (VEZG) rose to a new record on Friday with €91 per piglet, increasing the price by another €3. Traders often consider such an increase too excessive for the Dutch market, but there is certainly a broad-based desire to increase.
Although the tight supply has faded into the background, there are sufficient placement options. The lost exports to Spain can easily be accommodated in Germany. German fattening pig farmers clearly have confidence in the market and want to fill the stables again. Despite the high piglet prices, there is a prospect of return.
Based on the statements, the DCA BestPigletPrice will increase this week by €1 to €79 per piglet.
Click here for an explanation of the DCA BestPigletPrice