Inside Pigs
German pig price stabilizes at low level
Again there is little new under the sun on the pig market this week. The supply of pork exceeds the weak demand. German butchers are keeping prices unchanged after the significant reduction in recent weeks. A bright spot is the stabilizing supply of live pigs in Germany.
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Slaughterhouses had to pass on the price reductions recorded in the purchase prices to the parties further down the chain. There is still fierce competition for buyers, and it is difficult to place all volumes of meat.
Prices in exporting countries further back
The difficult situation is also reflected in the reduced quotations in almost all exporting countries. Pig prices in the Netherlands, Belgium, Denmark and Spain fell again. All these net exporters are trying to sell volumes on the same full meat market. However, after the most recent declines in the meat trade, there seems to be some stabilization this week. Although it is not yet clear how solid it is.
A windfall is that the supply of pigs for slaughter in Germany does not seem to increase as much this autumn as in the past. For almost a month, the number of slaughters has fluctuated around 840.000. Last week, 836.323 pigs were slaughtered with an average slaughter weight that rose slightly to 97,4 kilos.
That is significantly lower than last year around this time. The weights were already 2020 kilos at the beginning of October 98,0. Then corona-related problems caused slaughterhouses to close. Although there are still reports of limited slaughter capacity, the average weights suggest that there are no hopeless numbers of pigs in German stables waiting for slaughter.
The VEZG quotation will remain at the far too low level of €1,20 per kilogram slaughtered weight this week.