25.
09.24
V-price unchanged at 2 €/kg

Hogs News, 25th / Sep / 2024

Bullish
  • Live supply remains at a low level
  • Small increase in supply offset by increase in demand
  • Increasing demand for cuts for processing
Bearish
  • Declining barbecue items
  • Overall subdued demand

Germany:V-price2.00 €/kg (range 2.00 - 2.05 €/kg)

At 737,378 pigs (previous week: 735,220), the weekly slaughter numbers have increased only slightly, while slaughter weights have remained the same at 97.5 kg .

Pre-registrations for the current week amount to 261,300 (previous week 263,100)

The ISN auction on Tue, 24.09.2024 brought 2.06 €/kg in a range of 2.06- 2.06 €/kg.

The V-price for the period from 26.09.2024 to 02.10.2024 has been set at 2.00 €/kg in a range of 2.00 - 2.05 €/kg.

Slaughter pig market in Germany

ASF: In the meantime, 202 ASF-infected wild boars have been found in Hesse and Rhineland-Palatinate.

Market and price developments in selected competitor countries:

In Denmark , the comparably calculated prices of €1.58/kg will once again remain unchanged in CW 39, 2024.

In Belgium, the comparably calculated prices of € 1.93/kg also remain unchanged in CW 39, 2024.

In the Netherlands , prices will be increased by +1 ct/kg in the 39th week of 2024 with comparable prices of €1.92/kg.

In France/Brittany , comparable prices will be reduced by a further -4 ct/kg to €2.00/kg . Slaughter numbers fell again slightly to 349,507, as did slaughter weights at 96.3 kg. Meat sales remain difficult.

In Italy, prices rose by a further +5 ct/kg in week 39 of 2024. This means that Italian pig prices have risen by a total of 40 ct/kg in the last 10 weeks. The short domestic supply due to the high ASF losses is causing prices to rise while demand remains the same.

In Spain, the price of €2.23/kg in week 39 of 2024 will be reduced by a further -3 ct/kg. Rising live supply meets declining domestic demand as the vacation phase draws to a close. Export sales are becoming increasingly critical due to the high price level.

In the USA/IOWA , producer prices were reduced by -1 ct/kg to €1.52/kg. Slaughter figures remain at a high level. Cold store stocks are developing unevenly. Prices for cuts are now falling significantly. The forward prices for Dec. 24 average €1.55/kg.

Brazil: Producer prices have firmed further at the equivalent of €1.85/kg. Live supply is tight. Domestic demand remains stable, the export business is now being slowed down by the high prices. The price peak appears to have been reached.

China: Prices have fallen further to €3.40/kg. Supply remains low, but the high price level is causing a reluctance to buy. The month of Nov-2024 is being traded on the Dalian exchange at prices of around €2.94/kg. For the spring months of 2025, however, prices are only quoted at around €2.47/kg.

Conclusion: On average, the slight increase in supply on the EU and FRG market is being offset by an equally moderate increase in consumption. There is little scope for price fluctuations. With the exception of Italy, which has high import demand, high-price regions such as Spain and France will have to accept further price cuts.

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ZMP Live Expert Opinion

Minor increases in supply are offset by increased demand for processed parts. The market is largely balanced. There is still little scope for pricing.

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