Germany:V-price2.00 €/kg (range 2.00 - 2.05 €/kg)
The weekly slaughter figures have increased to 736,260 pigs (previous week 729,575) and slaughter weights have risen slightly to 97.4 kg .
Pre-registrations for the current week are unchanged at 263,000 (previous week 263,000)
The ISN auction on Tue, 10.09.2024 brought 2.08 €/kg (2.075- 2.08 €/kg)
The V-price has been set at 2.00 €/kg in a range of 2.00 - 2.05 €/kg for the period from 12.09.2024 to 18.09.2024
German slaughter pig market
ASF: As of September 3, 2024, 6,013 ASF-infected wild boars have been detected in Brandenburg, Saxony, Mecklenburg, Hesse and Rhineland-Palatinate. In the meantime, 175 ASF-infected wild boars have been found in Hesse and Rhineland-Palatinate.
Market and price developments in selected competitor countries:
In Denmark , the comparably calculated prices of €1.58/kg will once again remain unchanged in CW 37, 2024.
In Belgium, the comparably calculated prices of € 1.93/kg also remain unchanged in week 37 of 2024.
In the Netherlands , prices will be increased by +1 ct/kg in week 37 of 2024 with comparable prices of €1.91/kg.
In France/Brittany , the comparable prices are set back by a further -1 ct/kg at €2.05/kg . Slaughter numbers have risen again to 355,189, while slaughter weights remain unchanged at 96.28 kg. Despite the end of the vacation period, there is little sign of a recovery in sales.
In Italy, prices rose by a further +4 ct/kg in week 37 of 2024. This means that Italian pig prices have risen by a total of 31 ct/kg in 9 weeks. The late vacation season is still ensuring sufficient demand. The decisive factor is the short domestic supply due to the high ASF losses in northern Italy between Genoa and Milan.
In Spain, the price will be reduced by a further -3 ct/kg to €2. 29/kg in week 37 of 2024. Live supply increases, but demand decreases during the vacation season. The high price level is slowing down exports.
In the USA/IOWA , producer prices were raised again by -3 ct/kg to €1.57/kg. Slaughter figures have fallen slightly. Cold store stocks remain below the previous year. Prices for cuts are developing unevenly. The more stable dollar exchange rate has contributed. Forward prices for Dec. 24 averaged € 1.56/kg.
Brazil: Producer prices have remained at the equivalent of €1.85/kg. The live supply is only just sufficient to meet the stable domestic demand and the brisk export business. Initial signs point to an end to the price increase.
China: Prices have fallen by -9 ct/kg to €3.41/kg. With limited supply from home and abroad, the high price level is causing a reluctance to buy. The month of Nov-2024 is being traded on the Dalian exchange at prices of around €3.04/kg. For the spring months of 2025, however, prices are only quoted at around €2.55/kg. Chinese beef imports are twice as high as pork imports.
Conclusion: There are now signs of a certain easing in the EU and FRG market. Price pressure is less pronounced. However, it is not yet enough for price increases in this country.
ZMP Live Expert Opinion
Overall, price pressure in the German and European domestic market is easing. The persistently low supply of live animals is a good reason for the somewhat restrained demand. Regionally, there are some signs of further easing in the market and price situation. However, there is not yet enough to bring about sweeping changes.
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