Germany:V-price1.92 €/kg (range 1.92 - 1.92 €/kg) until Jan. 08, 2025
The weekly slaughter figures have risen to 783,010 pigs (previous week 768,782), while slaughter weights have fallen slightly to 98.22 kg .
Pre-registrations for the current week amount to 306,000 (previous week 286,300).
The ISN auction on Tue, 10.12.2024 has been canceled.
The V-price for the period from 19.12.2024 to 08.01.2025 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 648 ASF-infected wild boars (+82 compared to the previous week) have been found in Hesse and Rhineland-Palatinate. Several ASF wild boar carcasses have floated 100 km down the Rhine.
Market and price developments in selected competitor countries:
In Denmark , the comparably calculated prices of €1.58/kg will be reduced by -2 ct/kg in CW 51, 2024.
In Belgium, the comparably calculated prices of €1.91/kg will remain unchanged in week 51 of 2024.
In the Netherlands , prices will also remain unchanged in week 51 of 2024 with comparable prices of €1.85/kg.
In France/Brittany , comparable prices will remain unchanged at € 1.87/kg . Slaughter numbers have fallen back to average levels at 361,000; slaughter weights are at 98.2 kg.
In Italy, prices in week 51 of 2024 were reduced by -8 ct/kg to €1.85/kg. Increasing domestic supply and large import volumes are putting pressure on the price trend amid subdued demand.
In Spain, the price was once again maintained at € 2.06/kg in week 51 of 2024. Domestic live supply remains just sufficient for the time being. The export business is average.
In the USA/IOWA , producer prices have fallen back to € 1.67/kg. Cut prices are only just holding their own on average. Although slaughter figures have fallen slightly, meat sales are losing momentum. Forward prices for the new front month of Feb-25 remain at an average of €1.70/kg.
Brazil: Producer prices have fallen sharply to €1.77/kg (-19 ct/kg). The main reason for this is the decline in domestic demand, reinforced by the weaker currency. The weeks-long high-price phase is a thing of the past for the time being. Production is expected to increase by +2% and exports by +7.4% in 2025.
China: Prices have fallen back to €2.95/kg. Supply volumes are meeting with falling demand. The month of Jan-2025 is traded on the Dalian exchange at prices of around €2.48/kg. After the Chinese New Year on January 29, 2025, prices are expected to fall further to €2.30/kg. Although the sow herd has fallen by -3.2%, it is still above the target value.
Conclusion: A slight increase in live supply and a good pre-Christmas demand mood are largely in balance. Meat sales of prime cuts and processed goods are currently still running largely smoothly.
In the next two weeks between Christmas and New Year, there will be at least four full slaughter days. Processing plants are often on vacation; a lot of goods are going into the freezer. To prevent supply-related price reductions, the V-price is valid until January 8, 2025.
ZMP Live Expert Opinion
Despite an increase in live supply in terms of slaughter numbers and pre-registrations, the V-price was set unchanged over the holidays until January 8, 2025. The extent to which price cuts will occur thereafter due to a supply backlog and the usual reluctance to buy remains uncertain.
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