Germany:V-price1.92 €/kg (range 1.90 - 2.00 €/kg)
The weekly slaughter figures rose further to 757,924 pigs (previous week 751,607), as did slaughter weights at 98.4 kg . Individual batches were pushed back.
Pre-registrations for the current week amount to 273,800 (previous week 272,500).
The ISN auction on Tue, 22.10.2024 has been canceled.
The V-price has been set at € 1.92/kg in a range of € 1.90 - 2.00/kg for the period from 24.10.2024 to 30.10.2024.
Slaughter pig market in Germany
ASF: 325 ASF-infected wild boars (+62 compared to the previous week) have now been found in Hesse and Rhineland-Palatinate. In Baden-Württemberg, 1 infected wild boar was confirmed.
Market and price developments in selected competitor countries:
In Denmark , the comparably calculated prices will remain unchanged at €1.63/kg in week 43 of 2024.
In Belgium, the comparably calculated prices of € 1.91/kg are set -2 ct/kg lower in CW 43, 2024.
In the Netherlands , prices in the 43rd week of 2024 will remain unchanged at comparable prices of €1.92/kg.
In France/Brittany , the comparable prices will be lowered again by -3 ct/kg to €1.89/kg . Slaughter numbers fell slightly to 358,301; slaughter weights remained stable at 96.95 kg. Sales are sluggish.
In Italy, prices rose by a further +4 ct/kg in week 43 of 2024. This means that Italian pig prices have risen by a total of 55 ct/kg in 14 weeks. The Italian undersupply can only just be covered by rising imports.
In Spain, the price of €2.11/kg in week 43 of 2024 will be reduced by a further -3 ct/kg. Live supply increases. The high prices curb demand at home and abroad. High export surpluses put pressure on prices.
In the USA/IOWA , producer prices stabilized again at € 1.52/kg after a brief period of price weakness. Slaughter figures remain at a high level. Prices for processed goods have risen slightly. The forward prices for Dec. 24 average €1.59/kg.
Brazil: Producer prices have held steady at €1.89/kg. In domestic prices, quotations have risen, but the fall in the exchange rate is offsetting the increase.
China: Prices have fallen only slightly to €3.15/kg. Supply is just sufficient for the depressed demand. The month of Nov-2024 is being traded on the Dalian exchange at prices of around €2.92/kg. For the spring months of 2025, however, prices are only quoted at around €2.43/kg.
Conclusion: The live supply exceeds demand. There are isolated regional surpluses in the north; the market is more balanced in the south.
In the neighboring EU member states, different market and price developments can be observed: ranging from continuously falling prices in Spain and France to stable prices in the Netherlands and Denmark to massively rising prices in undersupplied Italy with falling domestic supply.
ZMP Live Expert Opinion
The live supply has increased on average in recent weeks, while demand has been restrained. Sales have been difficult, particularly for high-value precious parts. Price reductions in neighboring countries have also contributed to the decline in quotations. A lower price level will persist for the time being. The (pre-)Christmas business will only make itself felt later.
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