Friday, 19.11.2021
Market Report

The US $ in EURO

What happened this week: It was one of those weeks with mixed and quickly changing feelings. At the beginning, there was great interest from China and the willingness of customers there to replenish their stocks at the price level that has now been reached. It gave the impression that the general feeling there is that the market has reached a certain bottom for the time being and that the general easing of tension with regard to energy supply and political influence has increased. We all know that Chinese buyers react very sensitively to the respective local moods in the economy and, above all, politics. What was difficult, however, was the issue of pricing. Most buyers could not yet rid themselves of the conviction that their bids and price ideas are accepted with enthusiasm. As in previous weeks, the price differences for female goods were limited, for male goods not. If you wanted to sell male goods, you had to grudgingly accept the price levels derived from the prices in America. At the moment, these do not even match the levels that are supposed to be paid at the slaughterhouses today. Be that as it may, if one wanted to make sales it was possible. The situation then began to change again towards the end of the week. The rapidly rising infection figures in Europe weighed on the mood with each passing day. Lockdowns no longer seem completely improbable and if the negative trend is not broken in the short term, it is to be expected that economic and social activity will once again have to be significantly reduced in the run-up to Christmas. The necessary quarantine measures alone, which are associated with infections, are already hampering normal life considerably because great uncertainty is once again spreading. The weak dollar supports calculations in overseas exports, but also demonstrates the dwindling confidence in the situation in Europe. The situation in the automobile industry remains opaque. One can get the impression that the high profits of the first half of the year are now used to accommodate as many problems and costs as possible, i.e. at the same time production interruptions this year, in order not to unnecessarily burden next year's results in the first quarter. We would not be surprised if production returns to normal at the beginning of the new year. At the moment, however, the situation is still very unpleasant. This week's demand, as already mentioned, was very price-related. People were looking for bad
assortments and even renderer material - the main thing - it was cheap. In the case of cows  and cattle, the price expectations were relatively far apart and thus only the best bids were really interesting to process. For all other items, the only decision to be made was whether to part with the goods or wait for better times. Overall, the quantities sold were satisfactory and the prices will show in the coming weeks which decision was the right one in the end. The Kill: The kill remains quite stable at the usual higher level of November. It might even be possible to increase production, but there are considerable bottlenecks in cutting and further processing, so that a further increase is not possible at the moment. We expect volumes to remain steady high in the coming weeks, unless restaurants close again before Christmas.
What do we expect: Prices are adjusting more and more to the realities. Without the uncertainties due to the pandemic, we would say that probably no major changes would be expected until the end of the year. However, due to the increased infection figures, both on the supply and demand side, very quick and short-term surprises are possible, which would then of course be reflected accordingly in the market. Both positively or negatively.

pe Weight range Avg. green weight Salted weight Avg. weight salted Price per kg green weight
Ox/heifers 15/24,5 kg 22,0/23,5 kg 13/22 kg 20/21 kg € 1,10

  25/29,5 kg 27,5/28,5 kg 22/27 kg 25/26 kg € 0,95

Dairy cows

15/24,5 kg

22,5/23,5 kg

13/22 kg

20/21 kg

€ 0,80


25/29,5 kg

27,5/28,5 kg

22/27 kg

25/26 kg

€ 0.75


30/+      kg

33,5/35,5 kg

27/+   kg

29/31 kg

€ 0.70

Bulls 25/29,5 kg 27,5/28,5 kg 22/ 27 kg 25/26 kg € 1,15
  30/39,5 kg 36,0/37,0 kg 24/34 kg 31/33 kg € 1,40
Wide range
  40/+     kg 45,0/48,0 kg 34/+   kg 38/40 kg € 1,35
Wide range
Thirds 15/+      kg 25,0/27,5 kg 13/+   kg 24/26 kg € 0.45
Thirds bulls 30/+      kg 38,0/40,0 kg 24/+   kg 33/36 kg € 0.55

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