Germany:V-price2.20 €/kg (range 2.20 - 2.25 €/kg)
At 641,186 pigs (previous week 743,013), the weekly slaughter figures were lower due to the public holiday, and slaughter weights were slightly lower at 97.5 kg .
Pre-registrations were again lower at 256,300 pigs (previous week 262,300) .
The ISN auction on Tue, May 7, 2024 brought an average of €2.27/kg in a range of €2.27 - €2.27/kg.
The V-price has been set at €2.20/kg in a range of €2.20 - 2.25/kg for the period from 09.05.2024 to 15.05. 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 Mar. 2024, 17 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 19, 2024.
In Belgium, the comparably calculated prices of €2.08/kg also remained unchanged in CW 19, 2024.
In the Netherlands , prices in CW 19, 2024 will remain unchanged at comparable prices of €2.08 /kg.
In France/Brittany , prices fell by 2 ct/kg to €2.01/kg . The absence of slaughter days has led to supply pressure.
In Italy, prices fell again by -3.5 ct/kg in week 19, 2024. The spread of ASF is unsettling the markets. The area around Parma in particular is experiencing a massive retreat among buyers. 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 19, 2024. Although slaughter capacities are not fully utilized, meat sales are difficult.
In the USA/IOWA , producer prices have risen to the current €1.93/kg. Slaughter numbers remain high, but cold store stocks are 13% below the previous year's level. Cut prices remain firm.Market prices of €2.15/kg are being traded for the summer barbecue season.However, forward prices for Oct.24 are back to an average of €1.80/kg.
Brazil: Producer prices have risen to an average of €1.51/kg. Regional differences have widened. Flooding in Rio Grande do Sul is hampering 17 slaughterhouses in their deliveries. Demand from the processing sector remains low.
China: Prices have stabilized further at € 2.65/kg. The decreasing supply due to the previous destocking is taking pressure off the market. The month of Sep-2024 is trading at €2.71/kg on the Dalian exchange. The sow herd is still above the target of 39 million tons of animals. Pork imports remain at a significantly reduced level.
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
The continuing shortage of live supply and low cold store stocks are causing the previously firm price trend to move in the face of a noticeable increase in demand as the barbecue season develops. Nevertheless, the range has been extended upwards. The expectation of more is high.
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