Germany:V-price2.10 €/kg (range 2.10 - 2.20 €/kg)
The weekly slaughter figures have fallen again to around 679,781 pigs (previous week 694,350), and slaughter weights have fallen to 97.2 kg .
Pre-registrations are slightly higher at 256,300 pigs (previous week 253,700) .
The ISN auction on Tue, 02.07. June 2024 remained without result.
The V-price has been set at € 2.10/kg in a range of € 2.10 - 2.20/kg for the period from 04.07.2024 to 10.07.2024.
Slaughter pig market in Germany
ASF: As of July 2, 2024, 5,765 ASF-infected wild boars have been detected in Brandenburg, Saxony and Mecklenburg. Around Groß-Gerau (northwest of Darmstadt in Hesse), 9 ASF-infected wild boars have been found in the meantime. A total of 75 cases have been sampled. In the extended restricted zone, 72 predominantly small farms with a total of 5,600 animals are affected. Harvesting activities in this area have been severely restricted.
Market and price developments in selected competitor countries:
In Denmark , prices calculated on a comparable basis remained unchanged at €1.74/kg in CW 27, 2024.
In Belgium, the comparably calculated prices of €2.10/kg also remained unchanged in CW 27, 2024.
In the Netherlands , prices in the 27th week of 2024 remained unchanged at comparable prices of €2.13/kg.
In France/Brittany , prices rose by +1 ct/kg to €2.07/kg . Slaughter numbers continue to fall to 339,227; slaughter weights are at 95.82 kg.
In Italy, prices remained unchanged again in week 27, 2024. Meat sales remain subdued for the time being. Larger vacation flows should ensure more sales in the near future.
In Spain, a further increase to € 2.41/kg in week 27, 2024 reflects the scarce live supply. High temperatures reduce slaughter numbers and weights. Capacities are not fully utilized, but the approaching vacation season could ensure more movement.
In the USA/IOWA , producer prices have risen sharply to €1.86/kg. Slaughter figures are at a reduced level. Stocks in cold stores are just about sufficient. However, cut prices have fallen. Market prices for the summer barbecue season are still quoted at current levels. However, the forward prices for Dec. 24 are only at an average of €1.58/kg.
Brazil: Producer prices have fallen to an average of €1.52/kg due to currency effects. In local currency, prices remained the same. Flood-related production losses have been partially overcome. Hopes are once again focused on growing exports.
China: Prices have stabilized at € 3.16/kg. The previous reduction in stocks is leading to lower supply coupled with seasonally high demand. The month of Nov-2024 is being traded on the Dalian exchange at prices of around €3.10/kg. Prices are expected to fall to just under €3/kg in Jan-2025.
Conclusion: Hopes for rising prices have not yet been fulfilled. Barbecue weather and the European Football Championship have not provided the expected demand impetus. The approaching main holiday season will tend to restrict demand and put pressure on prices.
ZMP Live Expert Opinion
Hopes of price increases have evaporated with the upcoming vacation and vacation periods. Expectations are now focused on prices remaining at least stable and not falling any further.
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