Can German pig prices remain under pressure?

The positive mood in the month of May is no longer visible. The slightly increased demand from the food service is insufficient to absorb the additional supply, which Spanish slaughterhouses in particular are trying to sell to European customers. Part prices for pork are therefore under pressure.

An abundance of meat remains a problem
The market picture is similar to last week. The very quiet Chinese demand for meat has ensured that European exporters offer meat en masse on the European market at low prices. Since the closure of the Chinese borders to German pork, German slaughterhouses had already been sentenced to mainly European destinations.

The Germans are now being significantly hindered by the Spanish providers in particular. Prices for fattening pigs and piglets have also been adjusted downwards in Spain this week. The pig price has been reduced by €0,043 cents and the piglet price by €6. The quotations now stand at €1,51 per kilo carcass weight and €42 per piece respectively.

Don't slide any further
Although the supply is still not large in absolute terms, it is described as more than sufficient for the meat market. The tight supply compared to previous years ensures that the fattening pig market does not decline further during this period. The VEZG quotation for slaughtered pigs has therefore been set this week at €1,48 per kilo of slaughtered weight, which is at the same level as last week.