Pig prices will hold their ground for a while

In a broken slaughter week (due to All Saints' Day), the German quotation remained stable again at €2,10 per kilo. Prices in the Netherlands are also continuing to move sideways. Pig prices may be relatively high, but pork farmers in particular are hoping for a Christmas rally this year. The high piglet costs that are rising again further fuel this desire.

From mid-November
It is now November, but it is still too early to detect the first signals of additional demand. Christmas demand on the meat market usually starts from mid-November. Until then, the market will probably have to make do with sideways steps. Meat prices are also broadly stable, although bone-in hams are under some pressure. This is due to the increasing slaughter figures and an almost structural lack of staff in European slaughterhouses. The fear stocks are generally quite tight, as indicated by the parties. However, the effects of cheaper supplies from Spain and Denmark are noticeable in the meat trade. 

Increasing slaughter figures
In the Netherlands, the slaughter figure again remained below the level of 300.000 pigs last week. In Germany, 774.604 pigs were on the hook, the highest number so far in 2023. The increase is stronger than you would normally expect. This also explains why the export of live pigs from our country to Germany is currently more difficult. Sex is also increasing in Spain and Denmark. The increasing slaughter numbers are probably a result of a slowdown in growth earlier this year.

Next week, the DCA Exchange Price 2.0 will remain at €2,08 per kilo for slaughtered pigs. The price of live pigs is also the same at €1,65 per kilo.

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