26.
07.23
Prices unchanged

Schweine News, 07/26/2023

Bullish
  • persistently low battle numbers
  • low advance bookings
  • scarce cold storage supplies
Bearish
  • high consumer prices due to inflation

Germany: V price 2.50 €/ kg (range 2.50 – 2.53 €/kg)The weekly slaughter figures are slightly higher at 694,212 pigs ( previous week 683,132) , the slaughter weights remain low at 96.7 kg . The pre-announcements remain at an unchanged low level with 242,100 pigs (previous week 236,500) . At the ISN auction on Tue, Jul 25In 2023, an average price of €2.61/kg or -1 ct/kg was achieved at the pre-auction in a range of €2.60 to €2.63/kg. The V price has been set at €2.50/kg for the period from July 27th, 2023 to August 2nd, 2023 within a range of €2.50 to €2.53/kg. ASF : As of July 25, 2023, 5,478 wild boar infected with ASF were officially confirmed in Brandenburg, Saxony and Mecklenburg. In some exclusion zones in Brandenburg, no cases have occurred for more than a year. Market and price development in selected competitor countries: In Denmark, the comparably calculated prices of €2.04/kg were repeatedly retained unchanged in the 30th week of 2023. In Belgium, the prices in the 30th week of 2023 will remain unchanged at €2.33/kg .In the Netherlands , the prices in the 30th week of 2023 also remained unchanged with a comparable calculated €2.38/kg . In France/Brittany, prices stabilize at €2.35/kg. Battle numbers remain low at 351,905; the slaughter weight increase slightly to 95.08 kg. In Italy , the listings in the 30th week of 2023 have been increased by a further 4 ct/kg . A scarce supply is faced with an increasing demand due to increasing numbers of holidaymakers. In Spain, the prices in the 30th week of 2023 remain unchanged at a comparable €2.64/ kg for around 4 months. A scarce living supply with limited sales opportunities at home and abroad are the two decisive factors. In the USA/IOWA, prices continued to rise to €2.08/kg. Low slaughter numbers and slaughter weights are opposed to an unchanged stable demand in the barbecue season. for oct-23 the stock market prices are only listed at 1.63 €/kg. Brazil: Average producer prices have fallen further to €1.50/kg . The supply of live animals remains limited due to the season; on the other hand, seasonal demand remains noticeably restrained. Pork exports to China (50%) have lost momentum. China: Prices fall further to €2.34/kg. The Sep. 23 rates are traded at the equivalent of €2.70/kg. Only for the consumption-intensive month of Jan 2024 is it again expected to be €2.90/kg. The drop in prices is mainly due to weak demand due to income. Conclusion: Despite increasing holiday periods in other federal states with a slowdown in demand, the supply is only able to cover the demand from the slaughterhouses to a limited extent. Fresh meat for grilling is in demand; Processing goods cause sales difficulties. A fundamental change in the market situation is not apparent for the time being.

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ZMP Live Expert Opinion

Fixed pig prices at a high level for several weeks signal that a maximum price has been reached with little upward scope. Persistently low supply meets constant demand in the summer holiday season. A fundamental change in this market situation is not apparent for the time being.

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09:09

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