Analysis Pigs
Pig prices are expected to capitulate well before Christmas
The pig market took an unexpectedly big hit this week. This is causing considerable frustration in the primary sector, which is currently seeing the market dominated by slaughterhouses.
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It was expected that the market would at least remain stable heading into the Christmas holidays, with a January pigsty being the next hurdle. In reality, things have proven more difficult, as has been the case many times this year.
Shortest end
The market is struggling, and slaughterhouses are citing resistance from meat buyers and unfavorable exchange rates. Primary producers and traders are watching these developments with dismay, but are losing out. Despite the fact that the supply in the Netherlands is certainly plentiful. However, the slaughter figure in the Netherlands did pick up slightly last week.
The problem is caused by a large supply of pork in Europe, which is being dumped by Spain and Denmark. The increased demand around the holidays is unable to compensate for this. The fact is that the Netherlands has started its downward trend, and other countries are now following suit. German pork prices are also expected to fall next week.
Unstable market
How things will unfold in the coming weeks remains to be seen. The initial situation isn't very good, with the weak sales figures for the first few months of the new year still ahead of us. Further reductions are likely in the coming weeks and months now that stability has been shattered and the market appears unstable.
Based on the data, the DCA Exchange Price 2.0 falls by €0,06 to €1,56 per kilo for slaughtered pigs. The price for live pigs drops by €0,05 to €1,20 per kilo.
Click here for an explanation from DCA Market Intelligence on the listing.