02.
10.24
V- Price remains unchanged

Hogs News, 2nd / Oct / 2024

Bullish
  • limited live supply
  • Increased demand for processed goods
  • Slight increase in exports
Bearish
  • Subdued demand
  • Expiring consumption of barbecue items

Germany:V-price2.00 €/kg (range 2.00 - 2.05 €/kg)

The weekly slaughter numbers have increased significantly to 763,346 pigs (previous week 737,378) and slaughter weights have also risen to 97.68 kg .

Pre-registrations for the current week amount to 264,500 (previous week 261,300)

The ISN auction on Tue, 01.10.2024 brought 2.05 €/kg in a range of 2.04-2.055 €/kg.

The V-price for the period from 03.10.2024 to 10.10.2024 has been set at 2.00 €/kg in a range of 2.00 - 2.05 €/kg.

Slaughter pig market in Germany

ASF: 220 ASF-infected wild boars (+18) have now been found in Hesse and Rhineland-Palatinate.

Market and price developments in selected competitor countries:

In Denmark , the comparably calculated prices of €1.63/kg will be increased by +5 ct/kg in CW 40, 2024.

In Belgium, the comparably calculated prices of €1.93/kg will remain unchanged in CW 40, 2024.

In the Netherlands , prices will remain unchanged in week 40 of 2024 with comparable prices of €1.92/kg.

In France/Brittany , the comparable prices will be reduced by a further -4 ct/kg to €1.96/kg . Slaughter numbers have risen again slightly to 354,499, as have slaughter weights at 96.6 kg. Meat sales remain difficult.

In Italy, prices rose by a further +4 ct/kg in week 40, 2024. This means that Italian pig prices have risen by a total of 44 ct/kg in 11 weeks. Despite an SVG of 70%, pig farming continues to be restricted according to the latest livestock census. ASF is causing strong restraint in the affected production areas.

In Spain, the price will be reduced by a further -3 ct/kg to €2.20/kg in week 40, 2024. The live supply must increasingly be sold for export as the vacation phase draws to a close. However, the high prices are only competitive to a limited extent.

In the USA/IOWA , producer prices were raised by +3 ct/kg to €1.55/kg. Slaughter figures remain at a high level. Cold store stocks are unchanged. Prices for cuts are trending more strongly towards processing lots. Forward prices for Dec-24 average €1.55/kg.

Brazil: Producer prices have firmed further to €1.90/kg due to the stronger exchange rate. The live supply just covers domestic demand and export requirements.

China: Prices have fallen further to €3.30/kg. Domestic and export supply remains limited, but the weak income situation and high prices are causing a reluctance to buy. The month of Nov-2024 is being traded on the Dalian exchange at prices of around €2.91/kg. For the spring months of 2025, however, prices are only quoted at around €2.47/kg.

Conclusion: The market and price trends in the individual EU member states now differ. According to the latest livestock census, pig numbers have fallen by -3.7 % in Spain, the Netherlands and Italy, by -3.2 % in Poland and by -2.8 % in France. In contrast, increases were recorded in Denmark (+2.3 %) and Germany (+1.1 %). Accordingly, there is varying movement in the price trend.

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ZMP Live Expert Opinion

In the individual EU member states, market and price trends are changing depending on the initial situation. In Spain, the Netherlands, France, Belgium, Poland and Italy, pig numbers are continuing to fall according to the latest census, while Germany and Denmark are seeing a slight upward trend. However, it is still too early for drastic price changes.

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