Analysis Pigs
Only pig prices can stop the decline in piglet prices
Piglet prices are in a downward spiral that can be explained very logically based on this time of year. As long as pork prices continue unchanged, this trend seems likely to continue for a while.
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After the spring revival, piglet prices usually drop, including this year. After the DCA BestPigletPrice (BPP) hovered at a record level of €80 for a few weeks in mid-March, the quotation has now fallen to €73,50 per piglet. Just like last week, the BPP will also fall by €2 this week. This means that the quotation is again below the level of last year at this time of year.
Seasonal pattern
In 2023, the listing could also be maintained during the summer months after the spring period, but that is not the case this year. In the three years before that, the quotation found a bottom around week 21 after a downgrade. That was already last week. However, the question remains whether this will also be possible this year, because the supply of piglets is quite large, which is prompted by a lack of (export) demand. In addition, there will be another slaughter day next week due to Whit Monday. That obviously does not promote flow.
Only an increase in the price of pigs can stop the decline in piglet prices, but that is not the case. Despite a more positive meat market - also witnessed by the rising meat mutations of DCA - an increase in the pig price is not expected this week. The piglet price will probably take another step back next week anyway.
Click here for an explanation from DCA Market Intelligence on the listing.