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Varying gross margins in livestock farming May 2024

09/07/2024

In May 2024, the monthly gross margins of the livestock industry once again showed strongly varying trends. For dairy farms, the monthly gross margin was 24% higher than in May of the previous year and 29% above the long-term average. The monthly gross margin for laying hen farms decreased by about 25% compared to the average margin over 2023. The gross margins for broiler chicken farming stabilised in the two months up to May 2024. Fattening pigs saw an increase to a monthly gross margin of 21,900 euros per farm in May, which is above the average of the earlier months in 2024. Sow farms continued to perform strongly, although there was a slight decline in May, with a monthly gross margin of 117,000 euros per farm.

Dairy Cattle
In May 2024, the monthly gross margin for standardised dairy farms reached 25,700 euros, an increase of 24% compared to May of the previous year and 29% above the long-term average. Milk prices recovered in May 2024 to nearly 46.5 euros per 100 kg, which is almost 24% above the ten-year average. Allocated costs in May 2024 decreased slightly compared to a year earlier but were still 19% above the ten-year average.

Laying Hens
For laying hens, the monthly gross margin in May 2024 was approximately 46,000 euros per farm, a decrease of about 25% compared to the average monthly margin over 2023. A drop in egg prices, combined with stable feed costs, contributed to the lower monthly gross margin.

Broiler Chickens
The monthly gross margin for broiler chickens amounted to nearly 27,000 euros per farm in May 2024, a stabilisation compared to March 2024 but still an increase of over 15% to 20% compared to the first months of the year. Feed prices have decreased significantly since the beginning of 2023, contributing to the stable margins in this sector.

Fattening Pigs
In May 2024, the monthly gross margin for fattening pigs improved to 21,900 euros per farm, an increase compared to the previous months of 2024. However, this margin is still below the average monthly gross margin of 2023, which was 30,000 euros. Revenues showed a slight improvement in May 2024 compared to the initial months of the year. Feed costs also decreased during this period.

Sows
The sow farming sector continued to perform strongly in May 2024, with a monthly gross margin of 117,000 euros per farm. Although there was a slight decline compared to the previous two months, the monthly gross margin in May 2024 represented a significant increase compared to the same month a year earlier. This upward trend is mainly due to relatively high piglet prices and reduced feed costs.

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