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 36 stood at 199.9/kg (excluding VAT), which is -0.2% behind the previous week and is -1.4% behind prices last month. This is also -2.3% lower than the same period last year.
The weekly throughput for week ending the 14th of September was 65,771 of which 1,586 were sows.
European wheat and corn are holding at €190/t and €185/t, but big global supplies and strong crops in the Southern Hemisphere are keeping prices in check. Floods in Pakistan may spark extra wheat demand, while EU exports remain pressured by a strong euro, though possible Russian export taxes could help.
In the US, huge corn and soybean crops are expected, but some dryness may trim yields. Harvest is just starting, and exports of wheat, corn, and soybeans are all running stronger than forecast. Markets are watching US-China talks closely, especially for soybeans, and the USDA reported a large new corn sale.
