News Pig market
German cold stores still full of pork
Pork stocks stored in Germany show a declining trend. Nevertheless, the volumes in the month of February can still be regarded as high.
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Figures from market agency Ami show that 208.000 tons of pork were stored in German cold stores in February. Compared to January this is a decrease of 7,5%. In historical context, however, stocks are still high. Pork stocks have been rising rapidly since last summer. This is due to a lack of processing capacity in German slaughterhouses and disappointing demand.
Meanwhile, market sentiment has turned 180 degrees. Due to an extremely tight supply of pigs, German pig prices (but also elsewhere in the European Union) have risen sharply. Meat prices are also picking up quickly, partly thanks to the end of the corona crisis. The high frozen stocks enable German slaughterhouses to partly meet the market demand.