Germany: V-price 1.45 €/kg (range 1.45 - 1.45 €/kg)
The weekly slaughter figures were 719,509 (previous week: 699,551) The slaughter weights were 99.5 kg. In the previous week, they were 99.8 kg.
The pre-registrations for the current week amount to 303,000 (previous week: 310,700)
The ISN auction on Tue, 27.01.2026 was without trade as no agreement was reached.
The V-price is for the period from 28.01.2026 to 04.02.2026has been set at €1.45/kg within a range of €1.45 - €1.45/kg .
Market and price development in selected competitor countries:
In Denmark , the comparably calculated prices in CW 5, 2026 are unchanged at €1.33/kg.
In Belgium, prices in week 5 of 2026 are unchanged at € 1.21/kg.
In the Netherlands , prices in week 5 of 2026 are unchanged at €1.36/kg.
In France/Brittany , comparable prices are unchanged in week 5, 2026 and stand at €1.60/kg.
In Italy, prices fell by 2 ct in week 5, 2026 and stand at €1.94/kg.
In Spain, the comparable price in CW 5 2026 is unchanged at € 1.34/kg.
USA: at a dollar exchange rate of 1.20 $ = 1.00 € , producer prices are currently around 1.56 €/kg and have therefore risen compared to the previous week. The dollar has weakened against the euro in the last week. The US hog market was generally firm to slightly friendly last week, supported by solid domestic demand and continued strong export demand, particularly from Mexico. Prices on both the cash market and the futures market were stable to slightly upward, without any major fluctuations, which indicates a balanced relationship between supply and demand. Slaughter numbers remained seasonal, while low cold storage stocks limited the available supply and provided additional support for the market. Moderate feed costs and a weaker US dollar, which improved the competitiveness of US pork on the global market, also had a relieving effect. Overall, the market was calm, well absorbed and with a generally positive underlying tone for the coming weeks.
Brazil: Current producer prices are the equivalent of €1.54/kg and have fallen again by around 11 ct compared to the previous week. Last week, the Brazilian pig market came under significant pressure after supply and demand diverged in the short term. The main reason for this was noticeably weaker demand from slaughterhouses and processing plants, which reduced their purchases after the holidays. At the same time, more animals ready for slaughter came onto the market, which further increased the pressure to sell. The domestic market was restrained, as pork became less attractive in competition with beef and poultry meat. Although exports had a stabilizing effect, they were unable to fully compensate for the short-term slump in domestic demand. Overall, this is a typical seasonal correction following previously firm market phases.
China: Prices in China fell slightly last week to the equivalent of €1.81/kg on the spot market. The Chinese pig market fell noticeably last week, mainly due to a high live supply coupled with sluggish demand after the New Year celebrations. In several provinces, including Sichuan and Henan, prices for fattening pigs fell, while slaughterhouses reduced their purchasing volumes. Traders report a cautious market environment in which many farmers are selling more for fear of further losses. Government purchases of reserves were also not enough to provide the market with decisive stability. At the same time, the reverberations from previous cases of swine fever continue to weigh on producers' confidence. Overall, the market is in a weak mood, with continued pressure on producer prices and an unclear short-term outlook.
Conclusion
The situation on the pig slaughter market is beginning to ease. Marketing is running increasingly smoothly at regional level and surpluses are slowly decreasing. Demand is meeting a largely balanced supply. Slaughter numbers continue to rise, with average weights falling. The piglet market shows signs of a slight recovery. In the meat trade, the situation remains calm for seasonal reasons with largely stable prices for cuts. Overall, the market appears stable with restrained trading volumes.
ZMP Live Expert Opinion
The ongoing reduction in surpluses indicates a stabilization of market conditions. Nevertheless, the supply of pigs for slaughter remains high in many places. The European supply situation continues to be burdened by Spanish export shifts. Signs of easing for piglets and slaughter weights as well as a stable meat market support hopes of a firmer trend in the coming weeks. However, the market remains sensitive to regional imbalances and export-related shifts in demand.
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