Pig prices for 29./30. KW-2018 The ISN Internet auction on 17 Jul-18 delivered an average price of € 1.50 / kg in a range of € 1.49 to € 1.52 / kg and a projection of 40%. General market and price developments: Unusually high numbers of slaughters and continuous increase in the pre-registrations overwhelm the meat sales in the started holiday / vacation time.In Germany, the listing is significantly reduced after weeks of constancy. In France, prices fall despite limited battle numbers. In export country Denmark, prices remain at a depressed level. Only in the southern holiday countries of Italy and Spain does the demand for stable prices. US prices are increasingly down; The punitive tariffs are slow, especially in the case of Mexico. Brazil's prices remain weak. Denmark: Danish pork prices have been reduced by -2.7 ct / kg for the 29th CW-18. For the next 29 KW , the base prices will be kept unchanged . With a SVG of 650%, sluggish exports are a problem for the Danes.In France / Brittany , the listing was on 16.07. -1,8 ct / kg lower. The battle numbers are with 363,465 (last week 366,968 before last week 368,886) piece below average. The Dutch slaughter companies paid in the 29th KW-18 for after a long stability between -2 to -4 ct / kg less. Belgium: Pork prices remained unchanged in the 29th week of KW-18.Germany : For the 29./30. KW-18 , the merger price was reduced significantly to € 1.41 per kg or index point by -3 ct / kg. The range is from € 1.40 to € 1.44 / kg. The pre-registrations show with 215,600 (last week 213,744 before last week 208,500) piece for weeks to the top. Battle numbers of the past week are estimated above the 1 million mark (last week 937,989 last week 930,838) East Germany has not reported. The applicable in Austria fattening pig base price is for 29./30. KW-18 lowered in line with the German listing.Pig prices in Spain have been increased by a further +0.6 ct / kg on Thu, 12.07. Rising numbers of tourists provide for increasing demand. High temperatures slow down the battle numbers and push down the battle weights. In (upper) Italy , the new price quotation for the current week is widely maintained. The battle figures are 40,721 (last week 40,354 before last week 38,871) piece in the lower average range. The holiday season is running. In Poland are on 06.07.In 2018, pork prices remained largely unchanged at 57% MFL at the equivalent of € 1,396 / kg . Increased state measures to combat the ASP are being implemented. Outlook: The sales and price outlook remains unfavorable. The holiday / holiday time and the plant holidays in the processing plants are the weak points. The football World Cup was also a pork in terms of pork. The international prices show further weakness tendencies: in the USA punitive tariffs show their first effects, Brazil does not come out of the valley bottom. The US prices are on 18.07.18. in IOWA fell to 1.341 € / kg .The Chicago Stock Exchange is trading at just € 1.31 / kg for the month of August. For autumn 2018, further declines in forward rates can be observed. China's porcine quota increased slightly on July 11, 2018 to the equivalent of € 2.04 / kg . Supply and demand in China are currently largely balanced. China is willing to completely cut US pork imports. In the second half of the year, one expects rising prices and EU imports; but the purchasing power of the Chinese currency has decreased by 6.5%. The Russian pork prices fell back on 04.07.2018 to 2.01 € / kg . No great hopes for improvement in sight.Brazilian pork prices have fallen back on 17.07.2018 on average in the southwest region to the equivalent of 0.90 € / kg . In all 5 notation areas in southeastern Brazil, the courses are moving closer together. With increasing domestic production, exports to Russia are missing. Sales to China should improve.
ZMP Live Expert Opinion
In retrospect, you can understand the current price decline. At the start of the holiday season, higher battle numbers and increasing advance registrations coincide. The sales situation in Germany and abroad is already precarious. Possibly the battle levels of the current week will not be that high anymore. For the second half of 2018, rising living offers are to be expected in the EU. How high is still uncertain. Hopefully not too high!