Analysis Pigs
Price decline on piglet market gains momentum
After the Dutch piglet price slowly started to decline last week, the trend is now gaining momentum. This is partly due to the unrest that has arisen in the pig market.
The demand for piglets was already not particularly high and has further decreased in the past few days according to traders. Falling prices often contribute to this. In addition, pig prices unexpectedly dropped last week, and a recovery does not seem to be in sight due to the slow meat market. This reinforces the already strong resistance among pig farmers.
In Germany, a slaughter day is canceled this coming Friday, due to the celebration of Labor Day. This will also have a restraining effect on the demand for Dutch export piglets. Moreover, the demand from Spain is seasonally under pressure, which also depresses the Spanish piglet price.
Consistently down
Due to all these factors, many traders advocate a significant decrease in the piglet price to meet the market situation. Based on the data, the DCA BestPigletPrice is decreasing by €2 to €77.50 per piglet. Of the 19 participants, 18 advocate a reduction. Historically, the decline is expected to continue in the coming weeks. The German VEZG piglet price can still remain at €85 per piglet for the time being.
Click here for an explanation from DCA Market Intelligence on the quotation.
