Pigs: Continuation of trends in Europe

After the great excitement linked to the preparations for the end of the year celebrations during a large part of December, calm returned to the pork trade in Europe last week, a few days before Christmas. In a very particular context for this end of 2022, with public holidays placed on a Sunday and particularly low levels of offers, the courses have been generally renewed and for some until the first days of January 2023. This is the case in Germany where the next quotation will be established on January 4. The pork trade was very dynamic during a large part of the month of December allowing good fluidity in the farms and the slowdown in business over the last two weeks of the year should not cause too many surpluses. On the other hand, the result of the census of the German pig herd on November 3, 2022 shows a total drop of 10.2%, i.e. a decline of 2.4 M pigs. According to Destatis, since 2020, the drop in the number of pigs is 18.2%, or 4.74 million fewer pigs. Over the past 10 ...