Schweine News, 02/15/2023

Germany: V price 2.28 €/kg (range 2.25 – 2.30 €/kg) – the weekly slaughter figures are smaller again with 700,01 pigs ( previous week 727,390 ); the slaughter weights have increased slightly to 97 kg . With 220,400 pigs (previous week 221,900 ), the pre-registrations are still too small for the increasing demand. Price quotation for cuts has been discontinued. At the ISN auction on Tue, 17.Feb 2023 an average price of 2.35 €/kg (-4 ct/kg) in a range of 2.36 to 2.41 €/kg was achieved with a supply of 2,640 pigs. However, the overhang is 64%! The V price increased by €2.28/kg for the period from February 16, 2023 to February 22, 2023; the range is from 2.25 to 2.30 €/kg. ASF : As of February 14, 2023, 5,009 ASF infected wild boars in Brandenburg, Saxony and Mecklenburg have been officially confirmed. In the last 28 days there were 166 finds of wild boar. Market and price development in selected competitor countries: In Denmark, prices in the 07th week of 2023 have been increased to a comparable calculated €1.72/kg (+4 ct/kg). The high Danish export dependency to third countries encounters sales difficulties. In Belgium the prices are in the 07.KW 2023 with 2.10 €/kg increased by +12 ct/kg. A scarce live supply meets an increasing demand for meat. In the Netherlands, the prices in the 07th week of 2023 increased by +12 ct/kg to a comparable calculated €2.09/kg . In this region, too, the small supply of live animals is too scarce for the demand. In France/Brittany, prices have risen by the maximum permissible 6 ct/kg per week to €2.14/kg . The slaughter figures are as low as 364,242 pigs. The slaughter weights have remained constant at 95.6 kg. In Italy, the listings in the 07th week of 2023 increased by a further 3 ct/kg . The supply remains too small for the demand. In Spain, the prices in the 07th week of 2023 were increased again by 6 ct/kg at a comparable €2.35/ kg. Slaughter pigs from home and abroad are not sufficient to utilize the slaughter capacities.In the USA/IOWA, prices have increased further to the equivalent of €1.61/kg . Battle numbers remain at reduced levels. Part prices continue to rise. For the front month Apr-2023, the futures prices on the stock exchange are quoted at €1.76/kg; for the summer months prices of over 2 €/kg are already being traded. Brazil: The producer prices have increased on average to 1.80 €/kg with REAL becoming stronger again. A small live supply and an increasing demand for carnival are the causes. China: Prices fell further in the week of Feb. 1, 2023 to the equivalent of €2.75/kg . After the New Year's festival week, demand drops significantly, as is seasonally the case. On the Dalian Stock Exchange, March 2023 prices are traded at the equivalent of only €2.65/kg. Only for the July 2023 delivery are prices back at €3.22/kg. The exchange rate has changed little.Conclusion: In almost all EU member states there is an increasingly scarce supply of live animals, which is too small for the increasing demand. Repeated above-average price increases were implemented. There is upward price wiggle room.