US-Schweinefutures record for Dec. 15 under €1.20 / kg SG

Dec 15 courses for U.S. pork in free fall

In the last 7 consecutive trading days, to supply pork prices have fallen in the Dec. 15 by an order of magnitude to the 1.40, €1.20 / kg.

The continuing battle figures, which are not as expected due are background. At the same time the slaughter weights at above-average levels are, if not as high as in the year 2014 on the occasion of PEDv epidemic.

The pork stocks in cold stores move almost 20% over last year and have risen again in recent years. Usually, the supplies for the autumn / winter period go back.

The deciding factor comes from the weak export business, not least caused by the strong dollar. The dollar due to the high export price claims are accepted by the importing States less and less. The competition offers more favourable terms. The use of the growth promoter of Ractopamine in US is rejected in particular by China and leads to the restriction on delivery areas without Ractopamineverfütterung.

Market experts are not sure whether the price decline bottoming in pigs in the United States is already reached. There are no clear signals of a production constraint or an improvement in demand. The Christmas roast in the United States is not pork, but Turkey meat. Only the slight decline of the U.S. dollar to $1.10 €1 each provides only a small ray of hope.

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