Germany:V-price2.20 €/kg (range 2.20 - 2.25 €/kg)
The weekly slaughter figures were lower at around 648,000 pigs (previous week 641,186) due to the public holiday, while slaughter weights were slightly higher at 97.8 kg .
Pre-registrations were almost the same at 256,200 pigs (previous week 256,300) .
The ISN auction on Tue, May 14, 2024 brought an average of €2.27/kg in a range of €2.255 - €2.285/kg.
The V-price has been set at € 2.20/kg in a range of € 2.20 - 2.25/kg for the period from 16.05.2024 to 22.05. 2024.
German slaughter pig market
ASF: As of Apr. 30, 2024, 5,699 ASF-infected wild boars have been detected in Brandenburg, Saxony and Mecklenburg. In Apr 2024, 21 cases have been reported.
Market and price development in selected competitor countries:
In Denmark , the comparably calculated prices remained unchanged at € 1.77/kg in CW 2024.
In Belgium, the comparably calculated prices of €2.08/kg also remained unchanged in CW 2024.
In the Netherlands , prices in CW 2024 will remain unchanged at comparable prices of €2.08 /kg.
In France/Brittany , prices fell by 1 ct/kg to €2.00/kg . The absence of slaughter days due to public holidays contributed to this.
In Italy, prices fell again by -3.5 ct/kg in week 2024. The spread of ASF in northern Italy is unsettling the markets. The virus can survive in Parma ham for up to 400 days.
In Spain, prices will remain unchanged at a comparable €2.35/kg in week 2024. Although slaughter capacities are not fully utilized, meat sales are difficult.
In the USA/IOWA , producer prices have fallen to the current €1.86/kg. Although slaughter figures have fallen, cold store stocks also remain below the previous year's level. Cut prices remain firm.The high price level achieved is slowing sales both at home and abroad. Slightly reduced market prices of €2.12/kg are being traded for the summer barbecue season.Forward prices for Oct.24 are only averaging €1.80/kg.
Brazil: Producer prices have risen to an average of €1.57/kg. Regional differences have widened. Flooding in Rio Grande do Sul is hampering slaughterhouses in their procurement and sales business.
China: Prices have stabilized further at € 2.63/kg. The declining supply as a result of the previous destocking is taking pressure off the market. Prices for the month of Sep-2024 are already trading at €3.07/kg on the Dalian exchange. This price level is expected to last until Mon Jan 2025. Falling supply meets seasonally rising demand.
Conclusion: The persistently reduced live supply, low cold store stocks and the increasing start of the barbecue season are ensuring firm pig prices. Expectations are based on a weather-related increase in demand for barbecues in the course of May. The increase in margins provides the first signs of this.
ZMP Live Expert Opinion
Despite improving sales conditions due to the barbecue, demand for meat remains subdued, meaning that there is no realizable upward price leeway for the time being. However, it is likely to be a matter of time before the price knot loosens.
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