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Analysis Pigs

DCA Stock Market Price Does Not Predict Cuts

27 December 2024 - Wouter Baan

The pig market does not look particularly stable at the end of 2024, but the DCA Stock Exchange Price does not anticipate any reductions, although the air is threatening due to the large pig supply.

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The signs on the European market are far from favourable due to the large supply of pigs, as a result of the broken slaughter weeks. There is talk of a 'pig clot' which was already visible well in advance due to the logistically unfavourable falling holidays. In addition, meat sales have dropped considerably, now that Christmas is behind us again. The meat processing industry will only start up properly again in week 2. Until then, the demand for (half) carcasses and loose parts is very poor.

The next VEZG quotation will not be announced until that week, until then the prices in Germany are still €1,92 per kilo, as has been the case for 9 weeks now. As is known, Dutch slaughterhouses did reduce prices in mid-December, just as the quotations in Belgium and Denmark (Danish Crown and Tican) were also adjusted downwards. German slaughterhouses in particular have therefore created quite a stir in recent weeks to also (significantly) reduce prices in the new year. However, it remains to be seen how hot the soup will be eaten.

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In 2024 and 2023, pig prices in Europe fell in the new year. In 2022, there was stability, but then the holidays fell mainly on the weekend and the pig supply was therefore relatively less oppressive. Despite the unstable market conditions, pig traders are not keen on lowering the DCA Beursprijs 2.0 for the slaughterhouses.

The quotation for slaughtered pigs remains the same for week 1 at €1,85 per kilo. The price of live pigs remains at €1,45 per kilo.

Click here for an explanation from DCA Market Intelligence on the listing.

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