Analysis Pigs
Bottom in pig market is in sight
Piglet prices have been declining for some time, but the market is slowly but surely starting to bottom out. Nevertheless, there is still downward pressure on the DCA BestPigletPrice this week.
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After a steep decline, it's becoming increasingly clear that piglet prices are nearing a trough. The Flemish piglet price stabilized last week at €50 per piglet, making it a trend-setter. However, our southern neighbors are less dependent on export demand, making stabilization easier.
Export is the crux of the matter. Sales to Germany and Spain remain sluggish. While the market isn't completely swollen in terms of volume, the price has to bear the brunt. While not everyone shares the same opinion, traders are increasingly convinced the market needs to bottom out. This is also necessary to create more stability.
Based on the data, the DCA BestPigletPrice will drop by €1 this week to €46 per piglet. Whether the market bottom has been reached remains to be seen next week. In any case, the parachute appears to have opened after a long and steep fall.
Click here for an explanation from DCA Market Intelligence on the listing.