Friday, 19.11.2021
Market Report

The US $ in EURO

What happened this week: Today's events and the emergence of the new Corvid 19 variant initially create a completely new situation. The reaction was all the more severe because the markets in America were sparsely occupied due to yesterday's Thanksgiving holiday. It will certainly take some time before the scientific, economic and political communities have a clear picture of the significance of the appearance of the new variant. Initially, reactions have been relatively strong, with commodity prices and stock market prices turning a deep red. In the near future, it must first be determined whether the current vaccinations will be sufficiently effective and to what extent new restrictions will again affect economic life. In Germany and Central Europe, the considerable increase in the number of infections is enough at the moment to raise major concerns for the coming months. The week actually began with a much more positive mood. More activity in the past weeks and quite extensive sales had improved the situation somewhat and one could conclude that prices had found a temporary bottom for the time being. Whether this thesis can be maintained in the coming weeks will be shown by further decisions. At the moment, however, one has to have considerably greater concerns again. In principle, we are back where we were before. New outbreaks of the pandemic and  further increasing numbers of infections are to be expected for the time being, and this could lead to closures and possible interruptions of supply chains again. The consequences are well known. Last week's sales were not particularly extensive. On the one hand, this was due to a certain reluctance on the part of customers, but certainly also because we were not able to offer large availabilities for the next few weeks. The Christmas holidays and the interruption of shipping to Asia due to the Chinese New Year make planning and transport possibilities a problem again. Until the beginning of January it is hardly possible to ship goods because they would arrive in China within the holiday period and getting available shipping space for the period immediately afterwards is just as difficult as before, then of course the interruption affects all shipments to China and everyone is equally trying to get cargo space immediately afterwards. Be that as it may, the odd sale was possible
and interest was again essentially focused on female goods and occasionally for lighter male goods. Prices changed very little and only the US dollar, which had strengthened considerably in the meantime, had a positive effect on prices. The Kill: Slaughterings remained at a stable and increased level. Interest in beef remains very good and here the poultry flu probably also plays a role. Some consumers may already be opting for beef for Christmas when traditional poultry may not be available for the holidays. If restaurants are closed again, this will of course have a negative impact on meat production, but if this is not the case, we expect little change in volumes between now and Christmas.
What do we expect: After today, it would not be very serious to make any forecasts for the near future. In all likelihood, most will wait for the next weeks before making any longer-term decisions. However, as long as production remains open, this will not affect purchases of goods for the current programmes in Europe for the time being. Asia is likely to be more sensible and  more in the position to take their usual wait-and-see attitude also considering their recent purchases.

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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