Germany: V- price 2.00 €/ kg (range 2.00 – 2.05 €/kg)The weekly slaughter numbers have increased slightly again with around 962,061 pigs ( previous week 753,318 ), the slaughter weights have fallen to 97.8 kg . Pre-registrations have fallen to 255,900 pigs (previous week 266,900) . The ISN auction on Tuesday, January 30th. 2024 brought an average of 2.10 €/kg in a range of 2.10 – 2.11 €/kg. The V-Prize is for the period from February 1st, 2024 to February 7th. 2024 has been set at 2.00 €/kg in a range of 2.00 - 2.05 €/kg. ASF : As of January 26, 2023, 5,631 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 development in selected competing countries: In Denmark, the comparable prices were maintained unchanged at €1.74/kg in the 5th week of 2024. -17 cents/kg have been deducted since the beginning of the year. In Belgium the prices are in the 05. KW 2024 with comparable calculated prices of 1.92 €/kg was reduced by a further -2 ct/kg. In the Netherlands , the quotations in the 5th week of 2024 will be left unchanged with comparable prices of €1.90/kg . Since the beginning of the year the price reduction has been -15 cents/kg. In France/Brittany prices remained unchanged at €1,782/kg . The number of pigs slaughtered has increased slightly again to 365,425 pigs with a reduced slaughter weight of 96.76 kg. In Italy, the prices were reduced by a further -2 ct/kg in the 5th week of 2024. Limited demand meets stronger supply. In Spain, prices will remain unchanged at a comparable €2.14/ kg in the 5th week of 2024. Lower supply is expected in the near future. In the USA/IOWA, producer prices suddenly jumped to €1.23/kg . Although the slaughter numbers are high, demand from the processing sector has increased significantly. Piece prices are stabilizing. For the front month of February-24, the stock market prices are already at €1.54/kg. After months of losses, US farmers are hoping for profitable production again. Brazil: Producer prices have fallen further on average to €1.47/kg . The demand from home and abroad is not sufficient to meet the increasing live supply. However, production increases of +3.3% and export increases of 5% are expected for 2024. China: Prices have fallen further to €2.47/kg . Given the unusually weak demand ahead of the upcoming Chinese New Year (Feb. 10, 24), the high supply remains a strong pressure on prices. Only for the month of May 2024 will €2.55/kg be traded on the Dalian stock exchange. A reduced pig market of around -3% is expected for 2024. Conclusion: Pig prices have fallen significantly in important northern European countries. After the holidays, increasing live supplies and the typically weak demand lead to price pressure. Fewer slaughter capacities also have an effect. A stabilization of price developments is highly likely.
ZMP Live Expert Opinion
Reduced slaughter numbers and smaller advance bookings signal that the pressure on supply is easing. With the first of the month, demand should also receive monetary stimulus again. At least a stabilization of the price level is to be expected.
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