16.
08.23
V price reset to €2.30/kg

Schweine News, 08/16/2023

Bullish
  • Expiring holiday/vacation period
  • more favorable barbecue weather
Bearish
  • tough meat heel
  • reduced demand due to inflation

Germany: V price 2.30 €/ kg (range 2.30 – 2.40 €/kg)The weekly slaughter figures are significantly higher at 712,214 pigs ( previous week 680,866 ) , the slaughter weights at 97.6 kg as well . At the ISN auction on Fri, Aug.In 2023, an average price of 2.46 €/kg . The auction on Tue, 15.08. resulted in no trade in an offer of 1,090 pigs. The V price has been set at €2.30/kg for the period from August 17, 2023 to August 23, 2023 within a range of €2.30 - €2.40/kg. ASF : As of August 14, 2023, 5,515 ASF infected wild boars in Brandenburg, Saxony and Mecklenburg have been officially confirmed. The ASF finds are increasing again. Market and price development in selected competitor countries: In Denmark, the comparably calculated prices of €2.04/kg were repeatedly retained unchanged in the 33rd week of 2023. In Belgium, the prices in the 33rd week of 2023 will remain unchanged with a comparable calculated €2.32/kg .In the Netherlands , the prices in the 33rd week of 2023 were kept unchanged with a comparable calculated €2.28/kg . In France/Brittany, the prices have been reduced again by -6 ct/kg to €2.218/kg. Battle numbers remain low at 355,371; but weather-related demand is weak. In Italy, the listings in the 33rd week of 2023 remained at the high level . The supply is not sufficient for the demand. The holiday season has passed its peak. In Spain, the prices in the 33rd week of 2023 with a comparable €2.59/ kg will be reduced for the second time in months by -3 ct/kg. Limited sales opportunities at home and abroad are the two decisive factors. In the USA/IOWA, producer prices have fallen to €1.95/kg. Partial prices have mostly fallen. Demand is dropping.The battle numbers have risen sharply again. For Oct.-23 the stock market prices are still at 1.60 €/kg. Brazil: Average producer prices have risen again to €1.55/kg . Demand in the first half of the month increases with new wage and salary payments. The live supply remains seasonally limited. Pork exporters have gained new sales areas. China: Prices jumped to €2.90/kg. The state supports the market with massive stock purchases. Only for the consumption-intensive month of Jan 2024 is it again expected to be €2.93/kg. The price weakness is mainly due to weak demand due to income. Conclusion: Barbecue weather and the end of the holiday season raise expectations of better sales, but consumer prices that have risen due to inflation are putting pressure on meat consumption. The ongoing plant holidays in the processing plants are slowing down demand. The missing paragraph puts pressure on the quotations.  

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ZMP Live Expert Opinion

The tough meat sales and the currently slightly increasing slaughter numbers and slaughter weights have put enough pressure on the quotations to lower the prices. Nevertheless, the end of the vacation period in connection with favorable barbecue weather should keep the price decline within limits.

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