MSP MAGAZINE Issue 53

REGIONAL NEWS
quoted pork prices surpassed
their previous January highs.
The various types of cattle
meat showed different results by
the end of February. The first ones
fell while the second ones showed
positive results. In January it was
the other way around. The quoted
prices of meat on live weight
basis increased in January, while
the prices of veal decreased. The
quoted pork prices were the only
ones that showed a stable and
high growth for two months in a
row in almost equal proportion. In
January, the quoted pork prices
rose by more than 14 percent,
while in February their growth was
a little slower. The increase in pork
prices in the global market is due
to the high demand for this type of
meat, mostly in China.
of the year. The quoted cattle
meat prices on live weight basis
reached the annual record level
by November 26th – 1.412 US
dollars per pound, while the
quoted cattle meat prices on feed
reached that level by December
31st – 1.6995 US dollars per
pound. The pork quoted prices
reached the maximum level much
earlier. Their rise, however, was
only temporary due to China’s
high demand for pork in winter
and spring. In mid-March, the pork
quoted prices passed the price
cap of one dollar per pound. Pork
reached its maximum levels in
early June – 1.206 US dollars per
pound on June 4th. In July, pork
went beyond the price cap of one
dollar per pound. After that, the
pork prices mainly plummeted.
In January, the quoted cattle
meat and pork prices showed
mixed results. Although the
quoted cattle meat prices were
rising and the quoted pork prices
were falling in December, their
development trend was different
in January. The quoted cattle
meat prices on feed moved in
different directions during the
month, but in the end they rose
by more than five percent. The
quoted pork prices showed the
highest monthly rise – by almost
15 percent. By late January the
The quoted prices of cattle
meat and pork rose in March. At
the same time, the pork’s growth
was the highest. As mentioned
earlier, the increase in pork prices
in the global market is due to the
high demand for this type of meat,
mostly in China, which is caused
by the lack of their own meat and
African swine fever outbursts in
this country. The quoted pork
prices rose by more than twenty
percent only in March. The cattle
meat showed more moderate
results. While the quoted prices
of cattle on feed rose higher, the
increase in the quoted prices of
cattle on live weight basis was
not so high.
32 | DECEMBER 2021 / JANUARY 2022 | MSP Magazine