News Pigs
Strong corrections in pig prices
The mild reduction at Vion earlier this week was, retrospectively, only a taste of what awaited the market (and still awaits). Other slaughterers in the Netherlands are cutting much more heavily today and the German quotation is already plummeting.
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After a record-long stable period, the VEZG quotation drops by no less than €0,10 to €2,10 per kilo, the largest correction since January. This reduction will probably also be followed by the large German slaughterhouses. The signs also turn red in the Netherlands. For example, Van Rooi and Compaxo both reduce by 5 cents to €1,92 per kilo.
Pressure on meat prices
Although these strong downward movements are shaking up the sector, the price pressure did not come out of the blue. The weekly flesh mutations of DCA Market Intelligence have been under pressure for some time. In addition, slaughterhouses have also been raising concerns about the slow meat sales for some time now, to a greater or lesser extent.
The wet and relatively cold spring and summer weather in particular is the big spoilsport this year, just as there are tensions in the market surrounding the advancing African swine fever virus and the trade issues between China and Europe. In addition, the approaching summer holidays in Northwest Europe are weakening the market. These factors currently outweigh the limited pig supply.