Germany:V-price1.92 €/kg (range 1.92 - 1.92 €/kg)
The weekly slaughter figures increased to 743,911 pigs (previous week 641,129 due to the public holiday), the slaughter weights increased slightly to 98.8 kg .
Pre-registrations for the current week amount to 275,200 (previous week 274,500).
The ISN auction on Tue, 12.11.2024 has been canceled.
The V-price for the period from 14.11.2024 to 20.11.2024 has been set at 1.92 €/kg in a range of 1.92 - 1.92 €/kg
Slaughter pig market in Germany
ASF: A total of 427 ASF-infected wild boars (+61 compared to the previous week) have been found in Hesse and Rhineland-Palatinate. The number of cases remains stable in Rhineland-Palatinate and Baden-Württemberg.
Market and price developments in selected competitor countries
In Denmark , the comparably calculated prices of €1.60/kg in week 46 of 2024 are set -3 ct/kg lower. The degree of self-sufficiency (SVG) is just under 600%
In Belgium, the comparably calculated prices of €1.91/kg will remain unchanged in CW 46, 2024. (SVG 200 %)
In the Netherlands , prices will remain unchanged in CW 46, 2024 with comparable prices of € 1.85/kg (SVG 280 %)
In France/Brittany , comparable prices will remain unchanged at € 1.87/kg . Slaughter numbers increased slightly to 365,692; slaughter weights were slightly higher at 97.6 kg. (SVG 110 %)
In Italy, prices were reduced by -3 ct/kg in week 46 of 2024. The high domestic prices due to the ASF culls (2024: approx. 100,000 to date) are being undermined by cheap imports. (60 % SVG)
In Spain, the price of € 2.06/kg in week 46 of 2024 is again just maintained. Live supply remains stable. Sales business at home and abroad is noticeably restricted by the high price level. (SVG 200 %)
In the USA/IOWA , producer prices rose to € 1.74/kg, mainly due to the dollar exchange rate. Slaughter figures have eased somewhat. The forward prices for Dec. 24 average 1.62 €/kg.
Brazil: Producer prices have risen to €2.11/kg. The main reason for this is the high level of exports, which are around 40% higher in Oct/Nov compared to the previous year. The exchange rate has gained some purchasing power.
China: Prices have fallen further to €3.11/kg. Supply is sufficient to meet demand. The month of Jan-2025 is traded on the Dalian exchange at prices of around €2.70/kg. The following spring months fall even further to €2.40/kg after the Chinese New Year on 29 Jan-2025. Beef consumption (7.7 kg/head) increases, pork and poultry stagnate.
Conclusion: The usual seasonal increase in live supply in the last quarter of 2024 is putting pressure on prices with limited demand. Prices in the north of the EU remain largely stable, while the high price level in the south cannot be maintained due to trade pressure. Hopes are pinned on the pre-Christmas business.
ZMP Live Expert Opinion
The usual seasonal increase in supply is easing slightly. However, in view of the still moderate demand, prices remain largely unchanged. Expectations are focused on the pre-Christmas business.
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