Analysis Pigs
Pig price immediately resumes upward trend
The pig market is in the middle of the broken weeks, but that does not prevent the quotations from taking a step up immediately after Easter. Both in Germany and the Netherlands.
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The German pig price (VEZG) rises on Wednesday afternoon by €0,05 to €2 per kilo. This movement is probably followed by the large slaughterhouses. After two stable mutations in a row, the quotation rises to the highest level since August last year. In Germany, a slaughter day falls out three weeks in a row: last week (Good Friday), this week (Easter) and next week (Labour Day on 1 May). Nevertheless, the supply of pigs remains limited in relation to the (busy) schedules of slaughterhouses.
More massacres
In the last full slaughter week (week 15), almost 730.000 pigs were slaughtered in Germany, 5% more than the same week last year. However, the higher slaughter figures do not hinder pricing, given that the demand for meat is more lively this year than a year earlier. The recovery then comes earlier than expected. The market is often relatively stable after Easter. This also fuels expectations in the market for later this year.
In the Netherlands, the quotations at Vion and Westfort will increase this week by €0,03 to €1,93 and €1,98 per kilo respectively. In doing so, they are following developments on the German market at a somewhat more moderate pace.