Analysis Pigs
Pig stock price also heading for reset
The pig price continues to fall, so the DCA Stock Exchange price is also getting a push down. The sales of pork are stagnating and the supply of slaughter pigs remains large for longer than expected. And it is not limited to slaughter pigs alone.
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It is overwhelming, but the prices of meat pigs, but in the wake of that also of piglets and sows, have fallen sharply in the last few weeks. There is a higher supply and for longer than expected. In fact, everything is heading for a classic dip in the pig cycle.
Market parties believe that it is therefore wise to follow the example of the German slaughterhouses and also adjust the price downwards in the Netherlands.
Tönnies seems to regret afterwards that after Pentecost the price for pork may have been set too high, which is now affecting the market. But it is not only that, the holiday period also plays a role and the large supply that was already there.
In the Netherlands, Westfort responded with a minus of 13 cents to €1,94 per kilo. Compaxo and Van Rooi took a similar step and ended up at €1,81 and €1,82 per kilo respectively. Vion decreased by 12 cents, to €1,89 per kilo.
The DCA Exchange Price 2.0 for slaughtered pigs drops this week from €2,10 to €1,98 per kilo, a decrease of €0,12. The price of live pigs also drops, but by €0,10 from €1,64 to €1,54 per kilo.
Click here for an explanation from DCA Market Intelligence on the listing.