Pig market unexpectedly took a heavy hit

The pig market unexpectedly took a heavy hit this week. And that causes a lot of frustration in the primary sector, which currently sees the market dominated by slaughterhouses. It was expected that the market could at least remain stable leading up to the Christmas holidays, and that a pig backlog in January would be the next hurdle. However, reality has proven to be more stubborn, as has often been the case this year. Short end Things are not going well in the market, and slaughterhouses are citing resistance from meat buyers and unfavorable exchange rates. Primary producers and traders are watching the developments with dismay but are left with the short end. Despite the fact that the supply in the Netherlands is not overly abundant. However, the slaughter numbers in the Netherlands did pick up a bit last week. The cause of the problem is an oversupply of pork in Europe, which is being dumped primarily by Spain and Denmark. The additional demand around the holiday season is not enough to absorb that supply. The fact is that the Netherlands has started to decline, and other countries are now following. The German pig price is also expected to drop next week. Labile market How things will progress in the coming weeks remains to be seen. The starting situation is not very promising with the weak initial months of the new year still ahead. Further reductions are likely in the coming weeks and months now that stability has been disrupted and the market appears unstable. Based on the data, the DCA Market Price 2.0 drops by €0.06 to €1.56 per kilo for the slaughtered pigs. The price for live pigs decreases by €0.05 to €1.20 per kilo.