German pig numbers on the decline
Current stocks only slightly higher than they were pre-pandemic
11 October 2022
1 minute read
By: In August, the stock of pork in the German cold stores was again greatly reduced, according to ISN, the interest group of Germany's pig farmers. Due to the outsourcing of recent months, stocks are thus back at a level that is only slightly higher than before the start of the corona crisis.
According to the Agrarmarkt Informations-Gesellschaft (AMI) or according to the data of the Association of German Cold Stores and Refrigerated Logistics Companies (VDKL), the stock of pork in the German cold stores is significantly below the level of the previous year's month at 154,000 tons.
Higher prices make outsourcing more interesting and refilling less lucrative, ISN explained. At the same time, rising energy costs make interim storage more expensive.
The quantity stored in August 2022 is by far the lowest filling this year. The change in pigmeat stocks in cold stores is an indicator of trade on the meat markets and especially in August, falling pork stocks and at the same time rising pig prices reflected a positive market trend.
In addition to the price changes, the overall lower supply could also be a reason for the declining stocks. Trading on meat markets is becoming more difficult, said ISN.
"Whether this will also be reflected in changes in stocks remains to be seen," the report concluded.
