Analysis Pigs
Pressure on piglet prices continues longer than expected
The piglet market is having more difficulty finding a bottom than previously estimated. The cause of this lies in pig prices, which are struggling to make an upward move.
Read this article?
Become a subscriber and get instant access
Choose the subscription that suits you
There is a lack of real market demand for piglets and in the meantime the supply has not become smaller. Finding a market for the larger flocks is not such a problem, but the small flocks of a few hundred piglets are difficult to market. In addition to a somewhat lethargic domestic market, there is a lack of serious export demand, especially from Spain.
The underlying cause is the still flat pig prices in Europe. Due to the cool and wet summer weather, the demand for meat parts is not really picking up. This is also evident from the DCA carcass parts prices, which are broadly moving sideways this week. Only the attorneys are moving, but not in a direction that is favorable for pork prices. In the market you also sense that belief in rising prices is becoming more lukewarm as time passes.
In light of current pig prices, piglet quotations are overvalued, according to many traders. That is why a further reduction has been opted for. Based on the statements, the DCA BestPigletPrice will decrease this week by €1 to €70,50 per piglet. This means that the decline is gaining more momentum than the reductions in the previous weeks.
Click here for an explanation from DCA Market Intelligence on the listing.