Analysis Pigs
Lower stock price pigs inevitable
There is actually no escaping a reduction in the DCA-Beursprijs 2.0 for pigs this week. Everything that had to do with pigs and pork prices went down. In Germany in particular, significantly fewer pigs were also slaughtered.
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German slaughterhouses report that they had not anticipated such a sharp decline in meat sales amid falling prices. There had been some hope of an upturn in sales due to the end of the holiday period in the western part of Germany. That turned out differently.
Slaughterhouses in the Netherlands are also suffering from the weak market and the difficult situation on the German market. All Dutch pig slaughterhouses have reduced their prices this week. The same thing happened in Germany and often a little stronger than in the Netherlands. It doesn't look good for the coming week either. Today's internet stock price (Friday), which gives an indication of the market next week, is even €0,12 lower than the week before.
According to several traders, the Dutch DCA Exchange Price 2.0 does not have to follow this step completely, but a downward correction is still wise. In contrast to lower exports and falling prices for the German market, there are also more positive reports. It has been reported that many more pigs have been sent to the United Kingdom in recent weeks. These are pigs that are wanted by a British chain store and apparently also fetch good prices.
In recent weeks, the number of pig slaughters in the Netherlands has been steadily increasing, albeit at a lower level than in previous years.
Based on the statements, the DCA Exchange Price 2.0 for slaughtered pigs drops by €0,10 to €2,21 per kilo. The price of live pigs drops by €0,09 to €1,75 per kilo.
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