Analysis Pigs
Piglet price further down in broken trading week
Now that piglet prices have started to decline, things seem to be in full swing. In the sense that the price drops are quite strong.
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The demand for piglets has logically not improved, as piglet prices are losing considerable ground from week to week. Fattening pig farmers are holding back. This makes the piglets sometimes difficult to place, traders indicate.
Sales will be interrupted this week by Ascension Day, causing additional supply pressure. At the same time, it is not the case that the water runs over the bucket. The export demand for piglets has also lost momentum in recent weeks. Both in numbers and prices on the Spanish market, although significantly more piglets will go that way in 2024 than last year.
Little trust
In summary, you can say that there is currently a lack of trust. The only remedy for more pressure among fattening pig farmers is rising slaughterhouse quotations. However, it does not look like that in the coming weeks, partly due to the cancellation of slaughter days later in May.
Based on the statements, the DCA BestPigletPrice will decrease this week by €2 to €75,50 per piglet. The German VEZG piglet price is not yet susceptible to the price pressure and remains at €85 per piglet. There is a balance between supply and demand on the German market.
Click here for an explanation from DCA Market Intelligence on the listing.