Germany: V- price 2.10 €/ kg (range 2.10 – 2.10 €/kg)The weekly slaughter numbers are again higher (despite the public holiday) at around 573,457 pigs ( previous week 485,754 ), and the slaughter weights are higher at 98.3 kg . Pre-registrations have increased slightly to around 274,500 pigs (previous week 273,300) . The ISN auction on Tuesday, January 9th.2024 brought an average of 2.11 €/kg in a range of 2.10 – 2.13 €/kg. The excess stock was 71% . The V price is for the period from January 11th, 2024 to January 17th. 2024 has been set at 2.10 €/kg in a range of 2.10 - 2.10 €/kg. ASF : As of December 23, 2023, 5,618 ASF-infected wild boars have been officially confirmed in Brandenburg, Saxony and Mecklenburg. In November 2023, 23 ASF cases were reported, mostly in Brandenburg. Market and price development in selected competing countries: In Denmark, the comparable prices were reduced by -3 ct /kg to €1.83 /kg in the second week of 2024. In Belgium the prices are in the 02.KW 2024 with comparable calculated prices of 2.06 €/kg has been reduced by -3 ct/kg. In the Netherlands, the quotations in the second week of 2024 will remain unchanged with comparable prices of €2.05/kg . In France/Brittany prices remained unchanged at €1,782/kg . The slaughter numbers reach an average of 316,442 pigs with an increased slaughter weight of 97.33 kg. In Italy, the prices were reduced by -3 ct/kg in the second week of 2024. Demand decreases after the holidays. In Spain, prices will remain unchanged in the 2nd week of 2024 at a comparable €2.14/ kg. The market situation in Spain is largely in balance. In the USA/IOWA, producer prices fell significantly again between the holidays to €0.91/kg. Supply pressure increased after the holidays, but demand is very subdued.Brazil: Average producer prices have fallen back to €1.68/kg . Demand remains weak after the holidays. Exports are only slowly picking up speed again. For 2024, production is expected to increase by 1% and exports will increase by 6%. China: Prices have fallen slightly to €2.56/kg . Government purchases of stocks have had little effect on prices. What is unusual is the weak demand ahead of the upcoming Chinese New Year. The January 2024 prices on the Dalian Stock Exchange are trading at a weak €2.25/kg. The pig population is to be reduced by 5%. Conclusion: Pig prices remained largely constant over the holidays. The live supply increases in the first week of the new year.Hopefully the usual drop in demand after the holidays doesn't lead to a drop in prices. On the other hand, the demand for processed goods is increasing again.
ZMP Live Expert Opinion
Due to the New Year holiday, the slaughter numbers have still remained very subdued. The number of pre-registrations has only increased slightly. There is hope that prices can be maintained despite the usual weak demand in the first few weeks of January. Support comes from the processing industry.
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