Danish pig slaughter figures are expected to rise
Pig slaughter figures in Denmark are expected to increase over the last months of the year and Danish Crown asked farmers to report their output so the slaughterhouses can be ready for them. Fort the last month and a half, Danish Crown has increased its forecast with more than 10,000 pigs expected to reach the gates of its abattoirs.
Unfortunately, we experience a tendency for a little more people to forget to report their pigs and are outside their forecast for registered pigs. It is a pity for all parties and costs the supplement of 10 øre per kg. With an expectation of increased slaughter after the summer holidays, it will be decisive that the unit holders report the pigs via the Owner app, so that we have the right capacity in the autumn. We use the numbers to determine both capacity and sales each week, and the right data creates great value.,"says Nicolaj Norgaard, director of Danish Crown Owner Service.
Nevertheless, increased production is not such a good news for the sector as prices in the EU pig market are dropping due to COVID-19 restrictions, reduced demand from China and low consumption figures across the bloc. In July, the EU average pig reference price has fallen by more than €9 to €151.5/100kg. The German market intelligence organisation, AMI, continues to report that demand for German pork remains low, with supplies more than enough to meet it. There is still less out-of-home demand due to coronavirus restrictions. German slaughterhouses are apparently suffering from negative margins and so demanding significant price discounts. Against this background, the supply of pigs seems to be increasing.
More widely in the EU, AMI similarly reports that supplies of slaughter-ready pigs remain small, while demand in general is also subdued. Prices in Spain have been softening, likely an indicator of weakening prospects on the EU’s main export market, China.
Even sow prices have been dropping recently, with France going below €1 per kilo. Last week, sow prices were reported as:
Germany: €1.17/kg
Denmark: €1.02/kg
Netherlands: €1.26/kg
France: €0.98/kg
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