Germany:V-price2.20 €/kg (range 2.20 - 2.25 €/kg)
The weekly slaughter figures of around 743,000 pigs (previous week 696,571) were higher again after the weeks of public holidays, while slaughter weights remained the same at 97.6 kg .
Pre-registrations are slightly lower at 255,900 p igs (previous week 259,400) .
The ISN auction on Tue, June 11, 2024 brought 2.28 €/kg in a range of 2.27 - 2.30 €/kg.
The V price has been set at €2.20/kg in a range of €2.20 - 2.25/kg for the period from 13.06.2024 to 19.06. 2024.
Slaughter pig market in Germany
ASF: As of June 7, 2024, 5,733 ASF-infected wild boars have been detected in Brandenburg, Saxony and Mecklenburg. In Meckl.-Vorp. the ASF outbreak has been confirmed in a fattening facility with around 3,500 pigs. The herd and a further 4,000 animals were culled; around 1,000 tons of meat also had to be disposed of safely. The affected slaughterhouses in Weißenfels and Perleberg temporarily ceased operations. South Korea stopped the import license.
Market and price developments in selected competitor countries:
In Denmark , the comparably calculated prices remained unchanged at € 1.77/kg in CW 24, 2024.
In Belgium, the comparably calculated prices of € 2.10/kg remained unchanged in CW 24, 2024.
In the Netherlands , prices in week 24 of 2024 remained unchanged at comparable prices of €2.12/kg.
In France/Brittany , prices have not changed at €2.00/kg . Slaughter numbers have fallen again to 359,538; slaughter weights are at 96.6 kg.
In Italy, prices fell by -2 ct/kg in week 24, 2024. The ASF epidemic is still restricting market activity.
In Spain, a slight increase of € 2.36/kg in week 24 of 2024 is a signal of tight market supply. High temperatures reduce weight gains and live supply. Slaughter capacities are not fully utilized, but meat sales remain difficult in view of the high prices.
In the USA/IOWA , producer prices have fallen back to the current €1.81/kg. Cut prices have also fallen. Stocks in cold stores have risen compared to the previous month. Slaughter figures have fallen slightly. Market prices of €2.11/kg are being traded for the summer barbecue season.However, forward prices for Dec. 24 are only averaging €1.58/kg.
Brazil: Producer prices have risen again to an average of €1.53/kg. Production losses due to the floods in Rio Grande do Sul are leading to tighter supplies for domestic and foreign business.
China: Prices have risen significantly to € 2.84/kg. The previous reduction in stocks is leading to lower supply while demand remains stable. The month of Nov-2024 is being traded on the Dalian exchange at prices of around €3.09/kg. Prices are expected to fall to €3.02/kg in Jan-2025.
Conclusion: Despite the low live supply and low cold store stocks, there is no room for upward price movement so far. Nevertheless, it is expected that price increases will be possible in the near future due to full slaughter weeks, increasing barbecue activities and the European Football Championship. The ASF outbreak has put a damper on prices for the time being.
ZMP Live Expert Opinion
The long-held hopes of an improvement in demand for meat have not yet been fulfilled. The low live supply in the past holiday weeks was just enough to stabilize the price level. Nevertheless, expectations remain high in view of future full slaughter weeks, more barbecue-friendly weather and the European Championships.
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