Pig market between Christmas and the turn of the year
Germany: V-price 1.60 €/kg (range 1.60 - 1.60 €/kg)
The ISN auction on Tue, 23.12.2025 took place without trading, as trading activity is suspended around the holidays.
The V-price is for the period from 18.12.2025 to 07.01.2025 has been set at € 1.60/kg within a range of € 1.60 - € 1.60/kg .
Market and price development in selected competitor countries:
In Denmark , the comparably calculated prices in week 52, 2025 are unchanged at €1.41/kg.
In Belgium, prices in the 52nd week of 2025 are unchanged at €1.36/kg.
In the Netherlands , prices in week 52 of 2025 are unchanged at €1.40/kg.
In France/Brittany , comparable prices are unchanged in week 52 and stand at €1.65/kg.
In Italy the prices in the 52nd week of 2025 are 5 ct and are now at 2.10 €/kg remained.
In Spain the comparable price in the 52nd week of 2025 is unchanged and stands at1.39 €/kg.
USA: with a dollar exchange rate of 1.18 $ = 1.00 € , producer prices are currently around 1.30 €/kg and have thus remained stable compared to the previous week. In the week before Christmas, slaughter activity in the USA remained high, with a slight increase in slaughter weights. The holidays led to the usual solid seasonal demand, particularly for ham, while pork stocks were at an all-time low. The export situation showed a mixed picture: While actual exports were high, new orders fell noticeably; Mexico remained the most important customer. Demand in China remained subdued, partly due to existing punitive tariffs. Politically, the focus shifted to an anti-dumping investigation by Mexico against US pork imports and a slight increase in pork stocks reported by the USDA.
Brazil: Current producer prices are the equivalent of €1.73/kg and have remained stable compared to the previous week after adjusting for exchange rate effects. In the week before Christmas, the Brazilian pig market was characterized by a stable market situation with a balanced relationship between supply and demand. Domestic demand increased due to seasonal factors, particularly for traditional festive products such as ham and loin. At the same time, supply remained limited, resulting in a calm market without surpluses. After a record year, there was a significant decline in exports in November, although this was of little concern given the strong annual figures. International developments, in particular an ASF outbreak in Spain, shifted global market shares in Brazil's favor and strengthened the outlook for foreign trade.
China: Prices in China fell slightly last week to the equivalent of €1.83/kg on the spot market. In the week before Christmas, the pig market in China remained oversupplied despite a slight seasonal impulse. Demand was weaker than expected, as the winter consumption peak started late and the Chinese New Year is still a long way off. Many producers are turning out early, partly for financial reasons or due to illness in the herds. Government interventions such as herd reductions and meat purchases are intended to stabilize the market, but have so far only had a limited effect. The market is unlikely to return to equilibrium before the 2026 Spring Festival at the earliest.
Conclusion
The slaughter pig market is in holiday mode at the end of the year with severely limited slaughtering options. In the weeks leading up to Christmas, high slaughter numbers ensured rapid marketing under regionally varying conditions. Slaughter weights have fallen noticeably. Demand on the meat market has calmed down after a rather disappointing Christmas business. The piglet market is balanced, but free lots are sometimes more difficult to place. Overall, the supply situation in the coming weeks can be classified as ample.
ZMP Live Expert Opinion
The current market situation is clearly characterized by seasonal effects. The limited slaughter days are stabilizing the market in the short term without providing any new impetus. Structurally, the continuing decline in the number of farms coupled with a slight increase in animal numbers remains a key issue. The increase in sow numbers indicates cautious confidence in piglet production, but harbors supply risks in the medium term. However, in view of the decline in herds in neighboring countries, sufficient supply on the German market is essential for the continued existence of many farms. There are currently no clear drivers on the demand side, meaning that a wait-and-see market phase is likely for the time being.
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