Germany:V-price1.92 €/kg (range 1.92 - 1.92 €/kg)
The weekly slaughter figures have risen further to 763,768 pigs (previous week 757,330), while slaughter weights have fallen slightly to 98.3 kg .
Pre-registrations for the current week amount to 275,350 (previous week 273,800).
The ISN auction on Tue, 29.10.2024 has been canceled once again.
The V-price for the period from 31.10.2024 to 04.11.2024 has been set at €1.92/kg in a range of €1.92 - €1.92/kg.
Slaughter pig market in Germany
ASF: In the meantime, 340 ASF-infected wild boars (+15 compared to the previous week) have been found in Hesse and Rhineland-Palatinate. In Baden-Württemberg, 1 infected wild boar has been confirmed so far.
Market and price developments in selected competitor countries:
In Denmark , the comparably calculated prices of €1.63/kg will remain unchanged in week 44, 2024. The self-sufficiency rate (SVG) is just under 600%
In Belgium, the comparably calculated prices of € 1.91/kg are set a further -6 ct/kg lower in week 44, 2024. (SVG 200 %)
In the Netherlands , quotations are set back by -7 ct/kg in the 44th week of 2024 with comparable calculated prices of € 1.85/kg. (SVG 280 %)
In France/Brittany , the comparable prices are reduced by -1 ct/kg to €1.88/kg . Slaughter numbers fell slightly to 362,277; slaughter weights remained stable at 96.95 kg. Sales remain difficult. (SVG 110 %)
In Italy, quotations remained unchanged in week 44 of 2024. This may mark the end of a 14-week price increase of 55 ct/kg. The Italian market with falling 60% SVG must be compensated with rising imports.
In Spain, the price will be reduced by a further -3 ct/kg to € 2.08/kg in week 44, 2024. Live supply increases. Sales business at home and abroad is noticeably restricted by the high price level. The SVG is around 200 %
In the USA/IOWA , producer prices have increased significantly to € 1.67/kg. Prices for processed goods, which are in high demand, have also risen. Slaughter figures remain at a high level. The forward prices for Dec. 24 average €1.60/kg.
Brazil: Producer prices have risen again to €1.94/kg. The decisive factor was the increases in domestic currency. The exchange rate has not changed significantly.
China: Prices have risen slightly to 3.16 €/kg. Supply is just sufficient for a slight increase in demand. The month of Nov-2024 is being traded on the Dalian exchange at prices of around €2.90/kg. For the spring months of 2025, however, prices are only quoted at around €2.43/kg.
Conclusion: The usual seasonal increase in live supply in the last quarter of 2024 is putting pressure on prices with limited demand. Prices were also reduced in neighboring countries to the west. Hopes are pinned on the pre-Christmas business.
With the exception of Italy, the average price level in the EU is falling for the most part.
ZMP Live Expert Opinion
The slow but steadily growing live supply is overstretching the limited sales potential. Prices are therefore under pressure, but could be maintained once again.
Expectations are increasingly focused on the pre-Christmas business with increasing sales opportunities. Hopefully, further increases in supply will not destroy the potential for price stabilization.
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