Slaughter pig market continues to stabilize
Germany: V-price 1.45 €/kg (range 1.45 - 1.50 €/kg)
The weekly slaughter figures were 725,417 (previous week 719,509) The slaughter weights were 99.3 kg. In the previous week they were 99.5 kg.
The pre-registrations for the current week amount to 303,000 (previous week: 303,000)
The ISN auction on Tue, 03.02.2026 achieved an average price of 1.46 € in a range of 1.45 - 1.465 €/kg.
The V-price is for the period from 05.02.2026 to 11.02.2026has been set at € 1.45/kg in a range of € 1.45 - 1.50/kg .
Market and price development in selected competitor countries:
In Denmark , the comparably calculated prices in CW 6 2026 are unchanged at €1.33/kg.
In Belgium, prices rose by 22 ct in the 6th week of 2026 and stood at €1.43/kg.
In the Netherlands , prices in week 6 of 2026 are unchanged at €1.36/kg.
In France/Brittany , the comparable prices in week 6 2026 are unchanged at €1.60/kg.
In Italy, prices fell by 4 ct in week 6, 2026 and are at €1.90/kg.
In Spain, the comparable price in CW 6 2026 is unchanged at €1.34/kg.
USA: at a dollar exchange rate of 1.18 $ = 1.00 € , producer prices are currently around 1.61 €/kg and have thus risen compared to the previous week. The dollar has regained some ground against the euro in the last week. The US pig market is stable at the beginning of February 2026 with a slightly positive trend: demand is robust, supply is balanced and slaughtering is proceeding as usual for the season without any major surpluses. Piglet prices are rising significantly, which indicates an optimistic mood among fatteners, while the futures markets continue to trade favorably after a rally. Exports remain strong, but could be impacted by new import tariffs from 2026. Regionally, the Midwest remains the center of production, but is under pressure to adapt due to animal welfare regulations such as Proposition 12. Analysts expect producer margins to improve in 2026, but warn of external risks such as weather extremes, currency fluctuations and political intervention.
Brazil: Current producer prices are the equivalent of €1.46/kg and have fallen again by around 8 ct compared to the previous week. The Brazilian pig market recorded a noticeable setback last week, mainly due to an oversupply of pigs for slaughter coupled with seasonally weak domestic demand after the holidays. Many consumers were reluctant to buy meat in January for financial reasons, while production remained at a high level. Slaughterhouses responded with price cuts and shifted some sales abroad, but were only able to cushion the imbalance to a limited extent. The high supply was supported by favorable feed prices, which led to more profitable production in 2025 and favored expansion. Overall, the current market corrections reflect a short-term weakness in demand, while the medium-term outlook for production and exports remains positive.
China: prices in China have risen slightly in the last week and are at the equivalent of €1.90/kg on the spot market. China's pig market saw a slight upward price movement in the last week of January 2026 after many producers brought more animals onto the market before the New Year holiday due to concerns about further declines. Although seasonal demand increased, it fell short of expectations, partly because many consumers did their shopping early and meat consumption remained moderate overall. At the same time, the market continues to be burdened by high supply and declining capacity utilization at slaughterhouses. The government is responding with interventions such as the reduction of breeding sows and strategic reserve measures in order to gradually restore the market balance. Whether this will result in a sustainable stabilization in spring remains to be seen for the time being.
Conclusion
The German slaughter pig market continues to stabilize and is becoming increasingly balanced. The supply of animals ready for slaughter is being steadily reduced and is flowing more smoothly overall, albeit with regional differences. Slaughter numbers are up on the previous year, while slaughter weights continue to fall, indicating that the live market is easing. The meat market remains quiet and well supplied due to seasonal factors without any significant impetus from the consumer side. The supply on the market for slaughter sows is also sufficient to cover demand and the market situation remains unchanged.
ZMP Live Expert Opinion
Current market data suggests a phase of consolidation following the surplus at the turn of the year. Falling carcass weights and a more rapid outflow point to a gradual normalization. At the same time, calm domestic demand and the continuing high supply situation are limiting the upward momentum. In the medium term, an upturn in meat sales or a further reduction in animal numbers could provide impetus. In the short term, however, stable market conditions are expected to continue.
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