EU market struggles with surplus - China effect noticeable
Germany: V-price 1.70 €/kg (range 1.70 - 1.70 €/kg)
The weekly slaughter figures are at 751,250 (previous week: 740,802) and a carcass weight of 98.8 kg. In the previous week, they were 98.8 kg.
The pre-registrations for the current week amount to 287,900 (previous week: 285,800)
The ISN auction on Tue, 21.10.2025 took place without agreement in the trade.
The V-price is for the period from 22.10.2025 to 29.10.2025has 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 43 of 2025 and have remained at €1.63/kg .
In Belgium, there were no changes in the 43rd week of 2025. The price is therefore again at €1.47/kg.
In the Netherlands , prices remained unchanged in week 43 of 2025and stood at €1. 58/kg.
In France/Brittany , comparable prices fell by 1 ct to €1.72/kg in week 43.
In Italy, prices fell by 5 ct to €2.56/kg in week 43 of 2025.
In Spain, the comparable price fell by 4 ct in week 43 of 2025 and is now lower at €1.86/kg.
USA: with a dollar exchange rate of 1.16 $ = 1.00 € , producer prices are currently around 1.70 €/kg and have therefore fallen by around 6 ct compared to the previous week, as demand weakened again. In the week from October 15 to 21, US hog prices were clearly under pressure. Prices fell noticeably both on the cash market and on the exchange, triggered by a seasonally higher slaughter volume and a decline in domestic demand after the summer. At the same time, piglet prices remained largely stable, while the wholesale value of pork fell slightly. Overall, the trend points to a weaker market environment in the short term, even if the overall supply remains somewhat tighter compared to the previous year.
Brazil: Current producer prices are the equivalent of €1.80/kg and have corrected upwards again in the last week. The Brazilian pig market is currently stable: Thanks to sharply falling feed costs and robust demand in the export segment, producers are experiencing breathing space again. While domestic demand remains subdued, increased exports to countries such as the Philippines and Japan are providing relief and prospects. Brazilian companies are also benefiting from a currency situation that makes meat more attractive internationally in terms of price.
China: Prices in China have fallen again in the last week and are at the equivalent of €1.97/kg on the spot market. Pig prices have thus fallen to a new low as supply continues to rise and demand stagnates. The government has once again called on large producers to reduce their production and reduce breeding stocks in order to ease the pressure on the market. At the same time, import tariffs on pork from the EU have led to shifts in trade and changed the competitive conditions. Industry giants are continuing to invest in efficiency and growth, while many smaller farms are suffering from low prices and market players are talking about a phase of adjustment.
Conclusion
The German slaughter pig market is stable this week, while demand is subdued. Marketing is proceeding steadily, but individual lots are requiring more effort to sell. Slaughter figures are picking up slightly, but remain below expectations. The piglet markets continue to be characterized by restraint, with supply clearly exceeding the calm demand. There is a supply surplus on the meat market, particularly due to additional EU goods as a result of the Chinese punitive tariffs. Prices for animal feed are largely constant to slightly declining.
ZMP Live Expert Opinion
The market is caught between stable price levels and structural uncertainties. The ongoing export problem is intensifying competitive pressure within the EU, particularly due to surplus quantities. Announced bonus systems in the slaughter sector show efforts to control quality, but could be financially detrimental to producers. Lasting relief could only come when the live supply decreases noticeably and new sales markets are opened up. The lower prices in Spain and the large surplus in China are not expected to provide any relief for the time being.
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