News from 07/30/2020

Slow relaxation with the pent-up supply situation Germany: slaughter capacities are increasing again. The number of slaughter last week already reached 822,384 pigs, up 5% before. But the average carcass weights have increased to 97.8 kg. When the parts were resold to food retailers, processors and for export, the prices were increased by an additional 4 ct / kg in the last week. Cutlet and neck are rated higher between +8 and +11 ct / kg; however ham remains. The export business is gaining momentum again. Pre-registrations for the current week have dropped by 5.5% compared to the previous week to 265,900. This brings us closer to the seasonally usual line of 220,000 to 230,000. The V price for the 31st / 32nd KW 2020 will remain unchanged at 1.47 € / kg .The range also remains unchanged at € 1.47 to € 1.47 / kg. The ASP is spreading more and more in Poland.   Market and price development in selected competing countries:   Denmark has kept pig prices constant for the current week. Prices remain unchanged for the coming week. Sales of pork are increasing in Belgium . Domestic consumption is picking up. Demand also comes from Eastern Europe, especially Poland. There is upward price potential. Netherlands: The sales market is on the move, but there is still a lot to see. Stable prices are still expected. In France there is a limited supply of pigs ready for slaughter around. 370,000 in the northeast with stable carcass weights of around 95 kg. Prices in Brittany remain stable.In Italy , the supply falls short of the demand. Imports from Germany are picking up speed again. The prices are supposed to increase by 3 to 4 ct / kg. In Spain the living supply is not sufficient for the demand. The China business is going well. 50% of meat production is now exported, 30% of it to China. The previously stable living quotes are tending upwards.   In the US , producer prices jumped up to € 0.82 / kg. The slaughter numbers and slaughter weights decrease seasonally. However, the cold store inventory is 25% below the previous year's level. The barbecue season is noticeable with increasing consumption. Despite political tensions and Chinese punitive tariffs, China exports continue to move at astonishingly high levels with roughly dismantled slaughter halves.   In Brazil , the converted prices set the increased level of € 1.38 / kg. The real has lost value again.China has now blocked 6 companies for corona virus. Nevertheless, 440,000 tons of pork were exported in the first half of the year, half of them to China. China: Prices continued to rise to € 6.15 / kg on average. For the fattening the piglets are missing due to the previous reduction of the sows. The recovery of the economy increases income and increases demand. Pork imports are expected to increase to 4.4 million tonnes per year, half of them from the EU. In-house generation will not increase until 2021.