06.
11.24
V-price remains unchanged at €1.92/kg

Pig News, 06.11.2024

Bullish
  • Revival in demand due to pre-Christmas business
Bearish
  • seasonal increase in slaughter figures.

Germany:V-price1.92 €/kg (range 1.92 - 1.92 €/kg)

The weekly slaughter figures fell to 641,129 pigs (previous week 763,768) due to the public holiday, while slaughter weights rose slightly to 98.5 kg.

Pre-registrations for the current week amount to 274,500 (previous week 275,350).

The ISN auction on Tue, 05.11.2024 resulted in an average price of 1.94 €/kg (range 1.94 -1.94 €/kg).

The V-price has been set at 1.92 €/kg in a range of 1.92 - 1.92 €/kg for the period from 07.11.2024 to 13.11.2024

Slaughter pig market Germany

ASF: 366 ASF-infected wild boars (+26 compared to the previous week) have now been found in Hesse and Rhineland-Palatinate. In Baden-Württemberg, 1 infected wild boar has been confirmed so far.

Market and price developments in selected competitor countries:

In Denmark , the comparably calculated prices of € 1.63/kg will remain unchanged in week 45, 2024. The self-sufficiency rate (SVG) is just under 600%

In Belgium, the comparably calculated prices of € 1.91/kg will remain unchanged in CW 45, 2024. (SVG 200 %)

In the Netherlands , prices will remain unchanged in CW 45, 2024 with comparable prices of € 1.85/kg (SVG 280 %)

In France/Brittany , the comparable prices are reduced by -1 ct/kg to €1.87/kg . Slaughter numbers fell slightly to 362,277; slaughter weights remained stable at 96.95 kg. Sales remain difficult. (SVG 110 %)

In Italy, prices were reduced by -1 ct/kg in week 45, 2024. This ends a 14-week price increase of 55 ct/kg. The Italian market with falling 60% SVG must be compensated with rising imports.

In Spain, the price will be reduced by a further -2 ct/kg to € 2.06/kg in week 45, 2024. The live supply increases. Sales business at home and abroad is noticeably restricted by the high price level. The SVG is around 200 %

In the USA/IOWA , producer prices have fallen back to € 1.64/kg. Slaughter figures have risen again slightly. The forward prices for Dec. 24 average 1.58 €/kg.

Brazil: Producer prices rose again to 1.98 €/kg. The decisive factor was the high level of exports, which rose by 38% in Oct compared to the previous year. The exchange rate did not change significantly.

China: Prices have fallen again slightly to €3.14/kg. Supply is sufficient for a slight increase in demand. The month of Nov-2024 is being traded on the Dalian exchange at prices of around €3.09/kg. For the spring months of 2025, however, prices are only quoted at around €2.40/kg.

Conclusion: The usual seasonal increase in live supply in the last quarter of 2024 is putting pressure on prices with limited demand. Prices were also reduced in neighboring countries to the west. Hopes are pinned on the pre-Christmas business.

The average price level in the EU remains largely stable for the time being.

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ZMP Live Expert Opinion

Slaughter figures usually increase slightly in the last quarter of the year. Compared to previous years, however, the potential is considerably lower. Hopes are pinned on the pre-Christmas business.

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