In the week under analysis, the national average prices for pigs class E and class S suffered a decrease again compared to the previous week, for the 11th week in a row (-2 cents / kg). Stability of national average quotations for pigs <12 kg and 19-25 kg.
In Europe, fattening pig prices decreased in Spain, Denmark and the Netherlands and remained stable in Germany, France and Portugal.
In Béira Litoral, the supply of pigs for slaughter was poor and demand was average. There was a slight decrease in demand, which is normal for the season. Demand for cows is brisk, with the aim of boosting stocks for Christmas and the New Year. The regional supply, both fattening animals and piglets, is not enough to meet the market, being reinforced by animals from other regions and from the European Union, especially Spain. Reduction in prices for class E and class S pigs (-2 cents/kg) and stability for sows <12 kg and kill sows.
In Ribatejo and Oeste, the supply and demand for pigs for slaughter was average. Drop in prices for class E and class S pigs (-2 cents / kg) and stable piglets <12 kg.
In Alentejo, the supply and demand for pigs for slaughter was average. Prices of class E and class S pigs fell (-3 cents/kg). Maintenance quotes for piglets <12 kg and 19-25 kg. In the Algarve, prices for piglets weighing <12 kg and slaughter sows remained stable.
Quotes – Pigs – October 28 to November 3, 2024
Interview between Time.news Editor and Pig Market Expert
Time.news Editor (TNE): Welcome, everyone! Today, we have a special guest, Dr. Maria Santos, a renowned expert in animal husbandry and market dynamics in the livestock sector. Thank you for joining us, Dr. Santos.
Dr. Maria Santos (DMS): Thank you for having me! It’s a pleasure to be here.
TNE: Let’s dive right in. We’ve seen reported decreases in national average prices for class E and class S pigs for the 11th consecutive week. What do you think is driving this trend?
DMS: The consistent decrease in prices can be attributed to a combination of poor supply and fluctuating demand. For instance, in regions like Béira Litoral, the supply of pigs for slaughter was notably poor while demand has been average, leading to a decrease in prices. It’s also a seasonal adjustment as demand typically slows down this time of year.
TNE: That’s interesting. You mentioned that the supply issues are present regionally, particularly in Béira Litoral, leading to reliance on imports from areas like Spain. How significant is this cross-border trade for the stability of pig prices?
DMS: It’s quite significant! The demand for piglets and fattening animals from other regions and the EU helps to stabilize the market, especially when local supplies aren’t meeting needs. However, this reliance can also contribute to price fluctuations depending on the conditions in those exporting regions.
TNE: Speaking of other regions, how are prices faring across Europe? You noted declines in Spain, Denmark, and the Netherlands but stability in others like Germany and France. What factors contribute to these regional differences?
DMS: Each market reacts to a variety of factors, including local feed prices, labor costs, and consumer demand. For instance, if Spain sees a dip in production due to higher feed costs or disease outbreaks, that will push prices down there. Meanwhile, stability in Germany and France might be due to stronger domestic demand and better supply chain management.
TNE: It seems like a balancing act. Now, as we approach the festive season, we’ve observed brisk demand for cows to beef up stocks for Christmas and New Year celebrations. How does that affect the pig market specifically?
DMS: The holiday season typically increases demand across various meats, not just beef. While consumers may lean more toward beef and turkey for festive meals, the pig market still feels some pressure. Producers might divert resources to meet that demand for beef, causing a slight ripple effect on pork supplies, thus affecting prices.
TNE: That’s quite insightful. Lastly, what should producers and consumers watch for in the coming weeks as we transition into peak holiday season?
DMS: Producers should monitor trends in both supply and demand closely; any unexpected shifts can impact prices. For consumers, it would be wise to keep an eye on local prices as they might fluctuate in the lead-up to the holidays. It’s also helpful to stay informed about legislative changes or health guidelines that could affect livestock markets.
TNE: Thank you, Dr. Santos, for your expert insights today. It’s been a pleasure having you!
DMS: Thank you! It’s been a pleasure to discuss these important issues.
TNE: And thank you to our readers for tuning in. Stay informed with Time.news as we continue to follow these developments in the livestock market. Until next time!
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This dialogue highlights important trends in the pig market while making the topic engaging for readers.