Germany: V price 2.00 €/kg (range 2.00 – 2.05 €/kg) - small supply of live pigs The weekly slaughter figures are smaller at around 781,467 pigs ( previous week 787,898); the slaughter weights have decreased somewhat to 97.3 kg . Advance bookings remain low with hogs (previous week 258,700 ) repeatedly. When reselling the cuts to food retailers, processors and for export, the average prices have increased by a further 4 ct/kg to €2.28/kg . At the ISN auction on Tuesday, Nov. 29, 2022 , an average price of €2.08/kg was achieved within a range of €2.05 to €2.10/kg.The V price has increased by €2.00/kg for the period from December 1st, 2022 to December 7th , 2022 ; the range is from 2.00 to 2.05 €/kg. ASF : As of November 28, 2022, 4,610 ASF infected wild boars in Brandenburg, Saxony and Mecklenburg have been officially confirmed. New border fences were erected in Brandenburg. The development does not yet show any significant declines. Market and price development in selected competitor countries: In Denmark , prices in the 48th week of 2022 have been increased to a calculated €1.88/kg. In Belgium , the prices will be raised by +5 ct/kg to 1.87 in the 48th week of 2022. There was a need to catch up. The pre-Christmas business provides support for meat sales. In the Netherlands , the prices in the 48th week will be raised by 6 ct/kg to a comparable €1.85/kg.In France/Brittany , prices have remained at €1.81/kg . Battle numbers remain high. Slaughter weights are slightly lower at 96.6 kg. In Italy , the listings in the 48th week of 2022 were withdrawn by a further 2 ct/kg at €2.03/kg . Despite the pre-Christmas business, meat sales are under pressure. In Spain , prices in the 48th week of 2022 remained at a comparable €2.15/ kg. An increasing supply of live meat meets limited meat sales at home and abroad. In the USA/IOWA , prices have fallen further to the equivalent of € 1.80 /kg . Battle numbers have fallen, but part prices have risen again. The pre-Christmas business has lost momentum. For the front month Dec.-2022, the forward rates are quoted at €1.72/kg .Brazil: Average producer prices have fallen to €1.63/kg with REAL weakening again. In domestic currency, the listings remained largely stable. The football World Cup and the run-up to Christmas ensure brisk domestic sales. Stable exports provide complementary support. China: Prices have fallen further to the equivalent of € 4.64/kg . The exchange rate has weakened again. The forward rates for the month of Jan.-2023 are only traded at €3.63/kg. In the spring months of 2023, with increasing supply and seasonally declining demand, prices are expected to fall further below the €3.50/kg mark in line with market prices. Conclusion: Comparatively low slaughter numbers and a significantly lower stock level in the cold stores ensure that prices tend to rise in the run-up to Christmas. Prices for cuts passed on to the food retailer have increased further.Sustained low living supply until just before Christmas will reinforce price direction. After that, experience has shown that it becomes more critical.
ZMP Live Expert Opinion
Significantly reduced cold store stocks and a persistently low supply of live animals are causing rising producer prices and higher prices for cuts for resale to food retailers and processing companies in the current run-up to Christmas. The relative scarcity will continue until the Christmas holidays. After that, experience has shown that it becomes more critical.
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