03.
05.23
V price unchanged

Schweine News, 05/03/2023

Bullish
  • Limited battle numbers
  • low advance bookings
  • low inventories
Bearish
  • restrained demand
  • Waiting for barbecue weather

Germany: V price 2.33 €/kg (range 2.33 – 2.38 €/kg) The weekly slaughter figures are higher at 772,318 pigs ( previous week 740,746 ), the slaughter weights have remained lower at 97.5 kg The pre-registrations remain below the average of previous years with 243,500 pigs (previous week 246,500 ). At the ISN auction on Tuesday, May 2nd.In 2023, an average price of €2.41/kg or 0 ct/kg was achieved at the pre-auction within a range of €2.355 to €2.435/kg. The V price is for the period from May 4th, 2023 to May 10th.maintained at €2.33/kg in a range of €2.33 to €2.38/kg in 2023; Slaughter pig market Germany

ASP : As of 02.May. In 2023, 5,300 wild boar infected with ASF were officially confirmed in Brandenburg, Saxony and Mecklenburg. On the Polish side, domestic pigs were hit again for the first time. Market and price development in selected competitor countries: In Denmark, the prices in the 18th week of 2023 were kept unchanged at a comparable calculated €2.04/kg . In Belgium, the prices in the 18th week of 2023 were kept unchanged at 2.21 €/kg repeatedly. The live supply is limited, but meat sales are slowing down. In the Netherlands , the prices in the 18th week of 2023 remained unchanged with a comparable calculation of €2.22/kg . In France/Brittany, the prices were set at €2.23/kg, a further 6 ct/kg lower . Slaughter figures have risen to 366,324 pigs, slaughter weights have fallen to 96.32 kg.In Italy, the listings in the 18th week of 2023 have been reset by 2 ct/kg . Meat sales are reaching price-related limits. In Spain, the prices in the 18th week of 2023 are unchanged at a comparable €2.64/ kg. Although the slaughtering capacities are not fully utilized, the high price level is slowing down sales opportunities at home and abroad. In the USA/IOWA, prices have recovered to the equivalent of €1.53/kg after the price weakness. Battle numbers have decreased significantly. However, cold storage stocks remain high. The prices for sections only show potential upwards in isolated cases. The stock market listings for the summer months are again traded at a higher €1.86/kg. Brazil: Producer prices have stabilized on average at €1.52/kg with weaker REAL. The price range between the regions has widened again somewhat. The export business with the Asian countries is running cautiously.China: At the beginning of May 2023, prices fell significantly to the equivalent of €2.55/kg . The demand for meat remains seasonally weak. Government stock purchases have been discontinued. Prices on the Dalian stock exchange of the equivalent of 3.06 €/kg will only be traded again for Sep.23. Despite increasing domestic production, imports are expected to increase again slightly. Conclusion: The persistently low supply of live meat and the low cold store stocks keep the prices at the level achieved with limited demand for meat. The low reserves are too tight for the coming barbecue season to cover the usual additional demand in the barbecue season. There is certainly room for upwards price increases, but depending on the barbecue weather it will be a long time coming.  

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ZMP Live Expert Opinion

The barbecue weather necessary for an increasing demand is a long time coming. The quantities on offer from ongoing slaughter and cold store stocks will be too scarce to cover an increase in consumption without increasing prices. The expectation of rising prices in the future is still maintained

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