In recent days in France the weather is improving with good temperatures (after a rather cold and rainy spring), and restaurants will reopen after the Covid pandemic. We can therefore expect that demand will be stronger, and hog prices will continue to increase.
Furthermore, IFIP (French Pig Institute) has forecast hog production and feed prices for 2021, and production European production is expected to remain stable but with contrasting situations depending on the country: growth in Spain and Denmark, and decline in Germany and the Netherlands.
International demand, particularly from East Asian markets, is expected to increase. European exports to third markets are expected to be 14.5% in 2021 compared to 2020.
In France the hog price should gradually increase compared to 2020, and in particular from the second half of the year to reach 1.63 €/kg (90.7¢ US /lb carcass) carcass annual market price average.
Source : Marché du Porc Breton, IFIP