Analysis Pigs
Fourth increase in a row for the piglet price
Pig prices are currently showing little sign of rising, but piglet prices are not letting that slow them down. The DCA BestPigletPrice (BPP) is also making another step upwards this week, which is the fourth increase in a row.
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The BPP increases by €1 to €64 per piglet. This means that the Dutch quotation is catching up with the German market, which is again stuck at €70 per piglet this week. For the time being, the German piglet price (VEZG) is making little progress; the listing committee may be waiting for the moment when the pig price will rise.
Tight offer
In the Netherlands, the piglet price may rise, despite the (still) stable pig prices. This is due to the tight supply. According to traders, the demand for piglets is not disappointing either, but this must be seen in the context of the tight supply. Fattening pig farmers are protesting against the high prices, but are currently price takers.
It is difficult to say how much potential for piglet prices to rise. Piglet prices are tight, so from this perspective the space seems limited. At the same time, the market is moving up quite smoothly at the moment, suggesting that the top has not yet been reached. This would also not be easily explained seasonally.
Click here for an explanation of the DCA BestPigletPrice.