Germany: V price 2.15 €/ kg (range 2.15 – 2.20 €/kg)The weekly slaughter numbers were lower again at 728,719 pigs (previous week 750,257 ), and the slaughter weights rose slightly to 97.6 kg . The number of pre-registrations for pigs has decreased (previous week 249,300) . The ISN auction on Tue, February 13th 2024 brought an average of 2.28 €/kg in a range of 2.265 – 2.315 €/kg. The V-Prize is for the period from February 15th, 2024 to February 21st. 2024 has been set at 2.15 €/kg in a range of 2.15 - 2.20 €/kg. ASF : As of February 7, 2024, 5,652 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 7th week of 2024. In Belgium in the 07. In week 2024, the comparable calculated prices of €2.01/kg have been increased by +9 ct/kg. In the Netherlands , the quotations will be increased by +10 ct/kg in the 7th week of 2024 with comparable calculated prices of €2.00/kg . In France/Brittany prices rose by only +1.5 cents /kg to €1.797/ kg . The slaughter numbers have fallen back to 360,289 pigs with a slaughter weight of 96.74 kg. In Italy, the prices were reduced by -2 ct/kg in the 7th week of 2024. The offer currently more than meets needs. In Spain, prices will be increased by +2 ct/ kg in the 7th week of 2024 to a comparable €2.16 /kg. The live supply will soon be smaller. In the USA/IOWA, producer prices have risen further to the current €1.34/kg after the decline at the turn of the year. The battle numbers have fallen slightly. The forward prices on the Chicago Stock Exchange for the delivery month April-24 are already at €1.75/kg. Brazil: Producer prices have continued to rise on average to €1.60/kg . With limited supply, demand from home and abroad has increased again. Increasing sales and high prices are expected for 2024. China: Prices have increased to €2.55/kg . Chinese New Year week is in full swing. Experience has shown that this is followed by a slump in sales and prices. 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, smaller pre-registrations, low cold storage stocks and more lively demand are driving up pig prices again. For the time being, this development of supply and demand will continue to a limited extent.
ZMP Live Expert Opinion
The supply of pork is becoming tighter, slaughter numbers are falling, cold storage stocks are low, and the demand for pigs is increasing significantly. No fundamental change in this market constellation is expected in the coming weeks
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