Mercolleida: Pork prices in 2024
Compared to previous references, the 2024 average is +17.8% (+26.0 cents) higher than the 2019-2023 average and +45.4% (+53.8 cents) higher than the 2014-2018 average. It is the second highest average in history after that of 2023 (without deflation, that is, without taking into account inflation, which this year, although not as much as the explosive 2023, has also been relevant). After an atypical 2020 (Covid), 2021 (Covid, ASF in Germany and a drop in Chinese imports) and 2022 (war in Ukraine and rising costs), 2024 has recovered its “typical” price curve: rise in spring, rebound and stability in summer, decline in autumn and new stability at the start of winter.
Production costs have been significantly lower than in 2023, which has improved profitability in livestock farming, while the downward price correction since August, together with a better-than-expected meat market, have allowed slaughterhouses to recover margins. In these 52 weeks of 2024, the price has risen in 12 weeks and fallen in another 13, repeating in the remaining 27. The evolution of prices has been very similar throughout the EU and the Spanish benchmark has maintained a fairly stable differential with its most direct European competitors, especially with France in the first half of the year and with Germany in the second. The Danish interim price has been very low all year, reflecting the problems in competing in the international market. The year 2025 will start with a price 6.9 cents lower (-4.2%) than how 2024 started.
The base price of sows closes 2024 with an average of 0.851 euros/Kg/livestock, which is -27.1% and -31.7 cents lower than in 2021. There have been 5 weeks of increases, 10 of decreases and 37 of repetitions. The year 2025 will start with a price 16 cents lower (-19.0%) than how 2024 started.
The base price of piglets closes 2024 with an average of 66.10 euros/head, which is -10.3% and -7.58 euros lower than in 2023. There have been 16 weeks of increases, 17 of decreases and 19 of repetitions. 2025 will start with a price lower by -27.3% and -20.50 euros than how 2024 started.
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