Analysis Pigs
Stock market prize pigs walked too far ahead of the music
The pig market has not followed the optimism of the end of last week. The start of the German holiday season and considerable sales pressure throw a spanner in the works. The DCA Exchange Prize must retrace its steps.
Read this article?
Become a subscriber and get instant access
Choose the subscription that suits you
Traders and slaughterhouses who were reluctant last week have confirmed that they are right. Exporters actually see no change in the market situation, which they describe as rather tough. In the past week, various signals have also been received that confirm that feeling. Exports are declining, a number of quotations are slightly negative. The price of some parts is also slightly under pressure.
The fact that the holidays have already started in five German states cannot have a positive effect on meat sales, at least not in Germany. Although some are of the opinion that the European Football Championship has slightly increased meat consumption.
The largest German slaughterhouse Tönnies does not see it that way. It mainly focuses on pressure factors, which also include the bad weather of the last few months. If it rains often, there is not much barbecue. Dutch parties are currently committed to an unchanged price, without last week's plus, which has not been paid by the slaughterhouses.
Based on the statements, the quotation for the slaughtered pigs corrects by 2 cents to €2,16 per kilo. The price of live pigs remains unchanged at €1,70 per kilo.
Click here for an explanation from DCA Market Intelligence on the listing.