There was no change to Irish pig prices on Friday last following the previous Friday’s 4c/kg drop with producers reporting an average price of circa €2.02 – 2.04/kg for pigs sold in ROI.
The average price for grade E carcasses in week 35 stood at 200.3c/kg (excluding VAT), which is -0.4% behind the previous week and is -0.9% behind prices last month. This is also -2.2% lower than the same period last year.
The weekly throughput for week ending the 7th of September was 62,298 of which 2,018 were sows.
According to the latest grain reports, despite a strong euro weighing on exports, European wheat edged up to €191/t and corn held near €186/t, while rapeseed stayed weak at €460/t under pressure from large global harvests. In the US, traders are covering shorts ahead of Friday’s USDA report, lifting grain and oilseed markets. Concerns over dry weather in the Corn Belt support corn and soybeans, with crop ratings slightly lower on the week but still better than last year.
Across Europe, concerns have been sparked by the initial anti-dumping duties China has placed on EU pork. The decision is preliminary and could be changed when the investigation ends in December.
