Germany: V- price 2.10 €/ kg (range 2.10 – 2.10 €/kg)The weekly slaughter numbers were significantly lower at around 515,000 pigs ( previous week 704,659 ) due to the holiday, and the slaughter weights were higher at 97.8 kg . Pre-registrations have increased to around 273,300 pigs (previous week 252,400) . The ISN auction on Tue.02.Jan. 2024 did not bring any results due to a lack of demand.The V-Prize is for the period from January 4th, 2024 to January 10th. 2024 has been set at 2.10 €/kg in a range of 2.10 - 2.10 €/kg. ASF : As of December 23, 2023, 5,618 ASF-infected wild boars have been officially confirmed in Brandenburg, Saxony and Mecklenburg. In November 2023, 23 ASF cases were reported, mostly in Brandenburg. Market and price development in selected competing countries: In Denmark, the comparable prices remained unchanged at €1.86/kg in the first week of 2024. In Belgium, prices remained unchanged in the first week of 2024 with comparable prices of €2.09/kg . In the Netherlands the quotations are in the 01.Calculation week 2024 remains unchanged with comparable calculated prices of €2.05/kg . In France/Brittany prices remained unchanged at €1,782/kg . The slaughter numbers reach an average of 308,631 pigs with a slaughter weight of 96.84 kg. In Italy, the prices remained unchanged in the 1st week of 2024. Supply and demand are in balance. In Spain, prices will remain unchanged at a comparable €2.14/ kg in the 1st week of 2024. The Spanish market is currently in a balanced state. In the USA/IOWA, producer prices fell again significantly between the holidays to €0.93/kg. There is an oversupply due to a lack of slaughter days. The section prices remain at a reduced level. For the new front month of February-24, the stock market prices are at €1.39/kg. The livestock census (December 1, 2023) showed a reduced number of sows.Brazil: Producer prices have increased slightly on average to €1.71/kg . Domestic demand is quite brisk seasonally. Next year, production is expected to increase by 1% and exports by over 6%. China: Prices have fallen back to €2.57/kg . Government purchases of stocks have had little effect on prices. Demand remains below average. The January 2024 prices have fallen to €2.30/kg. In the government's opinion, the pig population is still too high for profitable prices, and the sow population in particular should be reduced again. Conclusion: Pig prices remained largely constant over the holidays. The live supply increases in the first week of the new year. Hopefully the usual weak demand after the celebrations does not lead to a drop in prices.
ZMP Live Expert Opinion
Price pressure usually develops after the holidays. The previous public holiday-related backlog in live supplies is met with restrained demand for meat sales. On the other hand, demand for processed goods is increasing again.
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