Germany: V- price 2.00 €/ kg (range 2.00 – 2.10 €/kg)The weekly slaughter numbers have increased again to an average weekly level of around 700,000 pigs ( previous week 573,457 ), and the slaughter weights have increased to 98.3 kg . Pre-registrations have increased to around 279,300 pigs (previous week 274,500) . The ISN auction on Tuesday, January 16th.2024 brought an average of €2.12/kg in a range of €2.12 – €2.12/kg. The excess stock was 68% . The V price is for the period from January 18th, 2024 to January 24th. 2024 has been set at 2.00 €/kg in a range of 2.00 - 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 December 2023, 21 ASF cases were reported, 17 of which were in Brandenburg. Market and price developments in selected competitor countries: In Denmark, in week 3 of 2024, the comparable prices at €1.79/kg increased by a further -4 ct/ kg has been reduced. In Belgium the prices are in the 03.KW 2024 with comparable calculated prices of €2.06/kg remained unchanged. In the Netherlands, the quotations will be reduced by -10 ct/kg in the 3rd week of 2024 with comparable calculated prices of €1.95/kg . In France/Brittany prices remained unchanged at €1,782/kg . The slaughter numbers again reach the usual 373,517 pigs with a slightly reduced slaughter weight of 97.29 kg. In Italy, the prices were reduced by a further -3 ct/kg in the 3rd week of 2024. The trigger is a subdued demand with a slightly increasing supply. In Spain, prices will remain unchanged at a comparable €2.14/ kg in week 3, 2024, despite increasing supply again. In the USA/IOWA, producer prices have initially stabilized after the holidays at €0.93/kg . Supply pressure has eased significantly, but demand remains very subdued.The section prices stabilize at a reduced level. However, for the front month of February-24, the stock market prices are back at €1.43/kg. After months of losses, US farmers are expecting future profits again. Brazil: Average producer prices have fallen back to €1.62/kg . Demand remains weak after the holidays. Exports can still provide little impetus for the time being. Increases in production and exports are expected for 2024. China: Prices have fallen further to €2.51/kg . Demand ahead of the upcoming Chinese New Year (Feb 10, 24) is unusually weak. For the month of May-2024, 2.52 €/kg is traded on the Dalian Stock Exchange. A reduced pig market is expected for 2024. Conclusion: Pig prices have fallen in some neighboring EU countries, and Germany cannot escape the pressure. An increasing live supply after the holidays is more difficult to accommodate on the market.
ZMP Live Expert Opinion
Now it has happened. A generally larger live supply after the holidays overwhelms the usual weak demand in the first few weeks of January. Slaughterhouse closures are an aggravating factor. It will be difficult to regain momentum after months of price stability.
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