Analysis Pigs
Pig market yields to price pressure
Normally, piglet prices would have been reduced long ago, but so far a reduction has always been averted. Due to a growing range, the DCA BestPigletPrice takes this one step down. It is the first drop since the end of October.
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The bottom under piglet prices has been feeling more fragile for a few weeks now. A growing seasonal supply, in combination with weakening export demand, means that the piglet pool is becoming increasingly larger. There are no large surpluses, but the supply can be described as ample, according to traders. This obviously puts pressure on free market prices. The market feels really different than about a month ago, when export demand was much stronger.
The start of the seasonal decline comes very late. Normally, after the spring revival, the market often drops back in April or May. This year a decline could be averted due to the rapid increase in the pig price exhausted seems.
Based on the statements, the DCA BestPigletPrice drops by €0,50 to €78,50 per piglet. The German VEZG quotation has remained at €93 per piglet.
Click here for an explanation of the DCA BestPigletPrice.