Germany: V price 2.20 €/ kg (range 2.20 – 2.20 €/kg) The weekly slaughter numbers are higher again at around 740,000 pigs (previous week 715,586 ), the slaughter weights are slightly at 97.6 kg gone up. Pre-registrations remain slightly higher at 258,100 pigs (previous week 252,900) . However, the live supply remains scarce. The ISN auction on Tuesday, March 19th 2024 brought an average of 2.29 €/kg in a range of 2.28 – 2.32 €/kg, a slightly reduced result. The V-Prize is for the period from March 21st, 2024 to March 27th. 2024 has been set at 2.20 €/kg in a range of 2.20 - 2.20 €/kg. ASF : As of March 11, 2024, 5,666 ASF-infected wild boars have been detected in Brandenburg, Saxony and Mecklenburg. In February 2024, 30 cases were confirmed, 26 of which were in Dresden. Market and price development in selected competing countries: In Denmark , the comparable prices remained unchanged at €1.81/kg in the 12th week of 2024. In Belgium, the comparable prices of €2.08/kg were also retained unchanged in the 12th week of 2024. In the Netherlands, the quotations will continue unchanged in the 11th week of 2024 with comparable prices of €2.08/kg . In France/Brittany prices rose again by +2 ct/kg to €2.03/ kg . The battle figures remain at 344.232 pigs were still below average with a slaughter weight of 96.47 kg. In Italy, the prices remained unchanged by +0.3 ct/kg in the 12th week of 2024. Limited supply meets subdued demand. In Spain the prices will be increased again by +3 ct/kg in the 12th week of 2024 to a comparable €2.34/kg . The live supply is relatively scarce despite limited sales opportunities. In the USA/IOWA, the increase in producer prices continues to the current €1.61/kg (+6ct/kg). Slaughter numbers remain low, but demand has increased. The unit prices remain inconsistent. The forward prices on the Chicago Stock Exchange for the delivery month April-24 are quoted at €1.75/kg. For the summer barbecue season, stock prices are trading at over €2/kg. Brazil: Producer prices have stabilized on average at €1.57/kg . More lively demand can be observed. Support from export business is still low. However, increasing sales figures and high prices are expected for 2024. China: After a brief spike, prices have fallen back to €2.51/kg . The usual seasonal weakness in demand remains for the time being. The month of May 2024 will be traded on the Dalian Stock Exchange at €2.50/kg. The sow population should be in a range of 92 to 105% around the target size of 39 million animals. In autumn, stock market prices of €2.80/kg are quoted. Conclusion: In most EU countries, pig prices have remained at the increased price level, with a few exceptions. Low slaughter numbers, low pre-registrations, small cold storage stocks, ongoing stockpiling for the grilling season and stable demand ensure fixed pig prices. If necessary, the Easter business could cause a price increase.
ZMP Live Expert Opinion
The expectations of a price-increasing Easter business have not yet been fulfilled. There are no slaughter days next week. Hoping for sunny weather with increased barbecue activities.
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