Analysis Pigs
Piglet price remains rocked again
The uncertain pig market will keep the piglet trade quite busy in early 2024. There are calls in the market for a reduction, but this does not prevail this week.
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In recent weeks, there have been traders who believed that the piglet price could rise further in the new year. That is different this week, with the Dutch pig prices as we speak getting cut and shaved.
For example, Vion is lowering the pig price again this week, albeit more moderately than last week. The quotation drops by €0,03 to €1,92 per kilo. This appears to be the worst pressure on the market, although DCA meat prices are still falling quite sharply this week.
Wait and see attitude
There is a wait-and-see attitude on the piglet market. Fattening pig farmers are cautious about stocking piglets due to the uncertain prospects on the pig market. This is not only the case in the Netherlands, but also in Germany. While the pig price there can still hold up for the time being. However, the piglet supply remains clear on balance, traders indicate.
DCA BestPigletPrice
The majority of traders who made an entry are calling for an unchanged piglet price this week. This means that the DCA BestPigletPrice remains at €69,50 per piglet. A few traders believe that a small reduction would be a fair signal to fattening pig farmers, but this group does not have the upper hand. However, the average of the assignments this week is below the quotation. In the preceding weeks, the average was always above the quotation.
Click here for an explanation of the DCA BestPigletPrice.