Analysis Pigs
Price drop on piglet market is gaining momentum
After the Dutch piglet price slowly started to decline last week, the trend is now gaining momentum. This is partly due to the unrest that has arisen on the pig market.
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The demand for piglets was not particularly high and, according to traders, has decreased further in recent days. Falling prices often contribute to this. In addition, pig prices also fell unexpectedly last week, and a recovery does not appear to be in sight for the time being due to the sluggish meat market. This strengthens the already strong resistance among fattening pig farmers.
In Germany there will be a slaughter day this Friday due to the celebration of Labor Day. This will also have a dampening effect on the demand for Dutch export piglets. In addition, demand from Spain is under seasonal pressure, which also puts pressure on the Spanish piglet price.
Clearly down
Due to all these factors, many traders are calling for a sharp drop in the piglet price to accommodate the market situation. Based on the data, the DCA BestPigletPrice decreases by €2 to €77,50 per piglet. Of the 19 participants, 18 argue for a reduction. From a historical perspective, the decline is expected to continue in the coming weeks. The German VEZG piglet price can remain at €85 per piglet for the time being.
Click here for an explanation from DCA Market Intelligence on the listing.