News Pigs
Followers and sleepers on a declining pig market
The price reductions on the pig market continued yesterday, but not everyone bows to the pressure. The German pork price unexpectedly held up, as did the quotation of Van Rooi Meat in the Netherlands. In the meantime, sow prices have also taken a big hit.
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These have been exciting weeks at the pig market. The price pressure that emerged last week will continue this week in falling prices. After Vion took the initiative on Monday, Compaxo, Westfort and Pali Group followed in the Netherlands yesterday by also reducing prices by five cents.
However, the German VEZG ranking is surprisingly holding up for the time being, although the bandwidth of the declarations has already yielded somewhat. The stable German pork price made Van Rooi Meat decide to keep its back straight. Whether this will remain the case next week remains to be seen.
Sow rating down
It is not yet known whether the large German slaughterhouses will also record unchanged this week. It has now become clear that Tönnies has reduced the sow quotation by 10 cents to €1,10 per kilo. According to the German meat company, a reduction cannot be avoided. Meat sales are so weak that frozen stocks are filling up further. Without a reduction, they say it is not possible to keep the slaughter programs afloat. Dutch traders confirm the rigid attitude that is also experienced by other sow slaughterers.