Hendrix Genetics

Analysis Pigs

Piglet market moving towards stabilization

May 27, 2024 - Wouter Baan

Due to more positive developments in the pig market, the piglet prices can also move more quickly towards a bottom. However, it is still a week too early for stabilization.

The decline in piglet prices has been going on for over a month now. Now that the broken weeks are behind us and pig prices are rising again, the market is getting better cards to stabilize quickly.

It's not that piglet sales are suddenly going very smoothly again, as the Spanish export demand is still lacking. Many traders, however, believe that domestic sales are becoming easier again. Although the demand is not overwhelming yet, the supply is quite limited. This is related to the reduction of the Dutch sow herd.

However, not everyone is convinced that the current piglet prices already reflect the market well. Some traders believe that further corrections are needed to better align piglet prices with pig prices.

DCA BestPigletPrice
Based on the reports, the DCA BestPigletPrice will decrease by €0.50 to €72 per pig this week. The average of the reports is still below the pricing level. Given that this is the smallest possible decrease, it is quite possible that piglet prices will continue unchanged next week. This would also be in line with the long-term average. 

Click here for an explanation from DCA Market Intelligence on the pricing. 

Wouter Baan

Wouter Baan is the editor-in-chief of Farmerbusiness and a market specialist in dairy, pork, and meat at DCA Market Intelligence. He also tracks developments within the agribusiness sector and conducts interviews with CEOs and policymakers.
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