Hopes for a pick-up in pork prices have disappeared

Much has been said and written recently about the rather high expectations. But perhaps the expectations prior to the European Football Championship were too high, as we can conclude at the end of June. The fact is that the market picture so far has been disappointing for almost the entire chain. Slaughterhouses and meat processors had also hoped for additional meat demand.

With the summer holidays approaching, it is no longer realistic to think that the market will rise significantly in the near future. Especially because many slaughterhouses in Europe are under sales pressure and do not have the confidence to build up meat stocks. This can largely be attributed to the recent outbreaks of African swine fever in Germany and the trade tensions between China and the European Union over import duties on electric cars, of which pork has uninvitedly become part of as a countermeasure.

Slaughter figure slightly higher
If we zoom in on the current market situation in Northwestern Europe, it is noticeable that the pig supply is quite tight. With 276.546 slaughters last week, the processing figure was slightly higher than the week before and also the same period last year. Nevertheless, a further decrease in supply is expected in the coming weeks, as is seasonal practice. However, the growth slowdown will not continue, as cooler summer weather is on the way.

After last week's downward correction, the DCA Stock Price continues to move sideways. The quotation for slaughtered pigs remains the same at €2,16 per kilo. The price of live pigs remains unchanged at €1,70 per kilo.

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