Analysis Pigs
Piglet price cannot yet find a bottom
The sale of piglets continues to be difficult. However, price pressure now appears to be slowly decreasing, although export demand appears to be weakening further.
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The piglet market is characterized by a wide supply, which is offset by very little demand. There is very little interest in free couples who are available at relatively low prices. The prospects for the troubled pig market are too cloudy for that. Moreover, piglets that are now being laid up will only come onto the market as fattening pigs after Christmas, and that is usually not the best delivery period.
Buying interest from abroad is also increasingly waning. Prices were already bad and now export numbers are also declining. The most recent export figures from RVO show that the numbers have fallen below 31 since week 100.000. Historically that is very low. Both major buyers Spain and Germany bought fewer Dutch piglets in recent weeks.
DCA BestPigletPrice
The DCA BestPigletPrice drops this week by €1 to €48 per piglet. This is the mildest reduction since the end of June. However, a bottom in the market does not appear to be in sight yet. The German VEZG quotation has remained at €65 per piglet. Taking surcharges into account, both quotes are reasonably competitive with each other.
Click here for an explanation from DCA Market Intelligence on the listing.