There was no change in Irish pig prices as of last Friday, with producers reporting a broad spread of prices across the Republic of Ireland. Those operating under the graded pricing system have reported slightly higher prices for certain pig weight categories, though the average price for pigs processed this week is reported to be between €1.68/kg and €1.72/kg. Pig farmers who are selling their pigs to the North are on higher prices than those quoted above and the same is the case for farmers selling pigs on the grading pricing structure in the South.
The weekly throughput as reported by the department of Agriculture, Food, and The Marine for the week ending the 6th September was 69,281 of which 1,974 were sows.
The average price for grade E pig carcasses in week 35 was €1.64 (excluding VAT), reporting a rise of 0.6% on last week’s average price. This also represents an 8.7% increase in prices since last month, however they still sit 18.3% behind the same period last year.
According to the latest Agritel report, continued issues surrounding cereal exports in the black sea are holding prices relatively stable. Although talks around agreements are taking place, with implementation of any agreements that may be reached taking time, prices are expected to remain. Rapeseed also remains high as availability of seed for next year is quite low from Eastern Europe.
Oil prices have also seen a rise this week with tensions in the Middle East. Rising crude oil is currently priced at over $90/barrel.
