News Pigs
German pork price falls again
After a stable break, the German pork price (VEZG) continues to fall this week. The cancellation of a slaughter day puts extra pressure on the already unstable market. Price reductions are also visible in the Netherlands.
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The current pig market can be compared to a chilly autumn day, with the wind occasionally rising and then dying down again. After the VEZG quotation fell by €0,05 two weeks ago, a stable change followed last week. Now €0,05 will be deducted from the German pig price again, bringing it down to €2,20 per kilo. Historically still an excellent price level, but at the same time also the lowest level since the beginning of this year. Since the end of July, 30 cents of the price value has already evaporated.
The price pressure comes from two sources this week. On the one hand, meat sales are faltering this autumn. In addition, a slaughter day was canceled earlier this week due to the celebration of German Unity Day on October XNUMX. This means that the supply (which also increases seasonally) is temporarily wider, although there is certainly no oversupply.
The Netherlands
There is also price pressure in our own country, albeit less extreme than in Germany. Following Vion, Van Rooi Meat also reduces by 2 cents to €2,01 per kilo. Compaxo records the same level with a reduction of 1 cent. Based on the current weak sentiment, the asking prices of Dutch slaughterhouses threaten to fall below the €2 limit again in the short term.