Schweine News, 02/08/2023

Germany: V-Price 2.20 €/kg (range 2.20 – 2.23 €/kg) - The weekly slaughter figures are smaller again with 727,390 pigs (previous week 741,463); the slaughter weights have decreased somewhat at 97.0 kg. However, with 230,000 pigs (previous week 236,800) the pre-registrations are too small for the increasing demand. Price quotation for cuts has been discontinued. At the ISN auction on Tuesday, February 7th, 2023, an average price of 2.31 €/kg (-1 ct/kg) was achieved in a range of 2.28 to 2.35 €/kg for 1,600 (!) pigs . Overhang is 24%! The V price increased by €2.20/kg for the period from February 9th, 2023 to February 15th, 2023; the range is from 2.20 to 2.23 €/kg. ASF: As of February 1st, 2023, 4,955 ASF infected wild boars in Brandenburg, Saxony and Mecklenburg have been officially confirmed. Market and price development in selected competitor countries: In Denmark, the prices in the 06th week of 2023 remained unchanged at a comparable calculated €1.68/kg.The high export dependency does not allow for a price increase when demand is weak. In Belgium, the prices in the 06th week of 2023 increased by €1.98/kg by +9 ct/kg. A scarce live supply with increasing meat demand leads to tight market conditions. In the Netherlands, the prices in the 06th week of 2023 increased by +12 ct/kg to a comparable calculated €1.97/kg. The living supply is too scarce for the demand. In France/Brittany, prices rose by a further 5 ct/kg to €2.08/kg. The slaughter figures are as low as 359,095 pigs. Slaughter weights have dropped to 95.6 kg. In Italy, the listings in the 06th week of 2023 rose by 5 ct/kg. The supply remains too small for the demand. In Spain, the prices in the 06th week of 2023 were increased again by 4 ct/kg at a comparable €2.29/kg. The domestic supply of live animals is too small for the large slaughtering capacities. In the USA/IOWA, prices have increased further to the equivalent of €1.52/kg. The battle numbers have fallen. Partial prices have increased across the board.For the front month of Apr-2023, the futures prices on the stock exchange are €1.70/kg; for the summer months prices of over 2 €/kg are already being traded. Brazil: The producer prices have increased on average to 1.69 €/kg with REAL becoming stronger again. An increasing demand for carnival is noticeable. China: Prices fell further in the week of Jan. 4, 2023 to the equivalent of €2.85/kg. The exchange rate has weakened somewhat. After the New Year's festival week, the sales business goes down significantly, as is seasonally customary. March 2023 rates of the equivalent of €2.65/kg are traded on the Dalian Stock Exchange. Only for the May 2023 delivery are prices back at €2.98/kg. Conclusion: Apart from a few exceptions, there is an increasingly scarce supply of live animals, which is too small for the increasing demand. In some countries, double-digit price increases are being implemented. There is definitely room for upwards pricing.