Germany: V- price 2.10 €/ kg (range 2.10 – 2.10 €/kg)The weekly slaughter numbers were lower again at 750,257 pigs ( previous week 762,061 ), and the slaughter weights fell to 97.5 kg . Pre-registrations have fallen to 249,300 pigs (previous week 255,900) . The ISN auction on Tue, February 6th. 2024 brought an average of €2.19/kg in a range of €2.17 – €2.205/kg. The V-Prize is for the period from February 8th, 2024 to February 14th. 2024 has been set at 2.10 €/kg in a range of 2.10 - 2.10 €/kg. ASF : As of February 1, 2024, 5,641 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 of €1.74/kg were once again maintained unchanged in the 6th week of 2024. In Belgium, prices remained unchanged in the 6th week of 2024 with comparable prices of €1.92/kg . In the Netherlands, the quotations in the 6th week of 2024 will once again be left unchanged with comparable prices of €1.90/kg . In France/Brittany prices remained unchanged at €1.782/kg . The number of pigs slaughtered rose again to 367,115 pigs with a slaughter weight of 96.8 kg. In Italy, the quotations were no longer changed in the 6th week of 2024. The supply-demand ratio is almost balanced. In Spain, prices will remain unchanged at a comparable €2.14/ kg in week 6, 2024. The live supply will soon be smaller. In the USA/IOWA, producer prices have jumped to the current €1.29/kg after the decline around the turn of the year. With continued high slaughter numbers, demand ensures brisk sales. The futures prices on the Chicago Stock Exchange indicate further price increases towards €1.60/kg in the summer phase. Brazil: Producer prices have risen again on average to €1.54/kg . Demand has picked up again. The increasing export business provides support. Production increases of +3.3% and export increases of +4 to 5% are expected for 2024. China: Prices have stabilized at €2.48/kg . Supply will be met in the short term by demand ahead of Chinese New Year (Feb 10, 24). Prices of €2.55/kg will only be traded on the Dalian stock exchange for the month of May 2024. A reduced pig market of around -3% is expected for 2024. Conclusion: Low slaughter numbers and smaller pre-registrations as well as the first of the month with monetary stimulus for meat demand have led to a significant increase in pig prices. Fundamental changes to this constellation are not expected for the time being.
ZMP Live Expert Opinion
A significant reduction in the live supply leads to a sharp increase in pig prices as demand for meat becomes more lively. The market constellation of limited supply with a certain recovery in demand is likely to continue in Germany for the time being. In neighboring countries, fixed prices are sufficient so far.
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