Analysis Pigs & Pork
Patience needed for major upturn in piglet market
The supply of piglets is slowly decreasing, creating more room in the market for better selling prices, but it is still too early for significant increases at the moment.
Pig traders believe that pig suppliers need to exercise some patience before major increases. Pig farmers are currently not eager to raise piglets because the market is likely to be weak by the time the animals are ready for slaughter early next year. However, the trade is described as friendlier, and the sale of piglets is less difficult. The export demand towards Spain is weak. The RVO figures on this are a bit outdated, but exports have been decreasing in recent weeks, and there are no signs of significant changes yet.
The total supply of piglets is currently decreasing as well because a number of companies have applied for one of the buyout schemes (LBV or LBV+) in The Netherlands. This is happening in both the east and south of the country. In the east, the number of companies is slightly higher, while in the south, it involves fewer companies but with more pigs.
All things considered, based on traders' reports, there is once again a slight increase this week, resulting in the DCA BestPigletPrice rising by €0.50 to €49.00 each.
