Inside Pigs
German pig price remains historically low
The mood on the pig market has still not really improved. Few sales opportunities on the Asian markets and logistical problems in the ports do not help the mood there. The pig price remains stable, but at a historically low level for the month of August.
Read this article?
Become a subscriber and get instant access
Choose the subscription that suits you
By lowering the quotation quite sharply and unexpectedly last week, it was hoped for some stabilization this week and thus better trade in pork. Although pork is currently sold at stable prices, the market lacks any momentum. Moreover, cold stores across Europe are full. German slaughterhouses therefore have no need to slaughter extra pigs.
Supply is increasing slightly again
The supply of pigs for slaughter in Germany is still not extremely large, which is currently relieving some of the burden on the market. However, the supply of pigs for slaughter has been slowly increasing again since mid-July. This immediately cancels out a possible small domestic revival in demand for pork due to the end of the holiday period. In its market report, the German pig farmers' union (ISN) calls for additional advertising campaigns to quickly boost sales of German pork and reduce the large stocks.
Last week, the number of pigs slaughtered in Germany, as well as the slaughtered weights, also increased slightly. A total of 840.082 pigs were on the hook last week, about 15.000 more than the week before. The average slaughter weight increased by 0,2 kg to 96,8 kg.
Last week's significant price reduction is sufficient to keep the market stable now. The VEZG quotation on Wednesday, August 25 has therefore been set at €1,30 per kilo of carcass weight, which are historically low prices for the month of August.