Pig market remains stable at a low level
Germany: V-price 1.70 €/kg (range 1.70 - 1.70 €/kg)
The weekly slaughter figures were 676,423 (previous week: 758,530) The slaughter weights were 98.6 kg, compared to 98.7 kg in the previous week.
The pre-registrations for the current week amount to 278,600 (previous week: 280,300)
The ISN auction on Tue, 04.11.2025 took place without agreement in the trade.
The V-price is for the period from 06.11.2025 to 12.11.2025has been set at €1.70/kg within a range of €1.70 - €1.70/kg .
Market and price development in selected competitor countries:
In Denmark , the comparably calculated prices are unchanged in week 45, 2025 and have remained at €1.63/kg .
In Belgium, there was no change in week 45, 2025. The price therefore remains at €1.48/kg.
In the Netherlands , prices remain unchanged in week 45, 2025and stand at €1. 58/kg.
In France/Brittany , comparable prices fell by 2 ct in week 45 and now stand at €1.70/kg.
In Italy prices in the 45th week of 2025 fell by 5 ct to 2.46 €/kg fell.
In Spain the comparable price in the 45th week of 2025 fell by 2 ct and stands at 1.81 €/kg is now lower.
USA: at a dollar exchange rate of 1.15 $ = 1.00 € , producer prices are currently around 1.63 €/kg and have therefore fallen by around 4 ct compared to the previous week. In the first week of November, the US pig market was dominated by seasonal oversupply. High slaughter numbers and rising animal weights pushed large quantities of pork onto the market. At the same time, demand remained stable, but without any new impetus from the domestic market or exports. The futures market was also dominated by restraint and slight losses. One ray of hope came from China: the announced tariff reduction on US pork could boost exports in the medium term. In the short term, however, the market remains characterized by uncertainty due to the delay in USDA reporting caused by the recent government shutdown. Analysts see little scope for a price upturn as long as supply remains high and there are no clear demand signals.
Brazil: Current producer prices are the equivalent of €1.80/kg and have once again maintained their level of the previous week. Brazil's pig market was stable at the beginning of November 2025, supply was balanced and there were no shortages. Brazil set new export records: in September, over 150,000 tons of pork were exported abroad, primarily to the Philippines, Japan and Mexico. Exports also remained high in October and the annual target could be exceeded. The industry is talking about one of the most successful years ever. Politically, the government continued its course of opening up new markets, most recently with an agreement with Suriname. Talks are underway with other Latin American countries. Domestic demand is likely to increase in the coming weeks due to public holidays and bonus payments, which could provide an additional boost to an already strong final quarter.
China: prices in China have fallen again in the last week and are at the equivalent of €1.93/kg on the spot market. The Chinese pig market remains under pressure in the first week of November. A seasonal interim rise at the turn of the month quickly fizzled out and producer prices slipped again. While meat consumption is slowly picking up, the structural oversupply prevails. High slaughter weights and stable stocks are keeping the market full. Smaller fatteners in particular are increasingly experiencing economic difficulties, while large breeding companies are benefiting from lower feed costs and efficiency advantages. The government is trying to counteract this with reserve purchases and production control, but so far with limited effect. Market participants are now hoping for stronger impetus from seasonal consumption and a reduction in stocks.
Conclusion
The slaughter pig market is stable after the holiday interruptions with a balanced market situation. There is a steady flow of supply and continuous demand. Imports of piglets and slaughter pigs to Germany are declining significantly. The piglet market is showing a constant price level with sufficient supply. The European market is well supplied across the board and prices are trending sideways or slightly weaker. The continuing fall in prices in the other major EU producer countries continues to put pressure on German market prices.
ZMP Live Expert Opinion
The structural upheavals in the German slaughter industry are continuing. Site closures and capacity relocations, such as from Perleberg to Weißenfels, are leading to longer transportation routes and reduced competition in the region. At the same time, the market is stabilizing thanks to controlled slaughter planning by large companies. On the export side, there are initial signs of impetus, for example from South Korea. However, the European market remains challenging. Although the news that China is now lowering or suspending tariffs on US pork will benefit American farmers, it means that the already oversupplied Chinese market has no demand for European pork.
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