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Point of view: European breeders’ margins to rise in 2023
Higher prices across Europe in 2023 bring relief to pig farmers. Margins on feed costs for farrow-to-finish pig producers improve significantly.
Margins on feed costs (1) for breeder-fatteners improved in 2023 over the first 9 months of the year. On average, over the 5 countries studied here, margins have more than doubled, reaching €2,570/truie in production/year, compared with just €1,020/truie/year over the first nine months of 2022.
These good results are mainly due to the very substantial rise in perceived prices (2), which reached unprecedented levels in 2023: they exceeded €2.5/kg carcass in France, Germany and Spain. Price rises over the first nine months of the year reached 22% in Denmark, 29% in France and up to 35% in the Netherlands.
At the same time, feed prices have remained relatively stable or even fallen, in some cases sharply, as in Germany (-16%). Danish prices continue to rise slightly (+4%), probably due to 6-month contracts, which are likely to react with delay to changes in raw material prices.
Price of supplemented feed, over the first 9 months
| In Euro/Ton | 2021 | 2022 | 2023 | 23/22 |
|---|---|---|---|---|
| France | 282 | 353 | 359 | +2% |
| Germany | 289 | 402 | 338 | -16% |
| Netherlands | 294 | 396 | 374 | -6% |
| Denmark | 260 | 352 | 366 | +4% |
| Spain | 298 | 408 | 394 | -3% |
Source : Ifip based on InterPIG and national experts
High margins in 2023
These rises in pork prices, accompanied by an easing in raw material markets, will enable margins (3) on feed
Auteur
Ingénieure d’étude - Experte sur l'économie des élevages, des coûts et de la performance des élevages
