Demand for Pigs Remains Strong from All Processors

Chairman of the IFA Pigs Committee Tom Hogan called on all processors to increase the price of pigs across the board. Demand into the new year has remained strong from all processors and a price of €1.60/kg has been obtained with a top price of €1.62/kg reported.

A price increase is required if Irish pig farmers are to recoup the losses sustained in both 2015 and 2016, where losses of 8c/kg and 4c/kg were sustained. There was more positive news from the German pig sector last week with an additional 5c/kg increase in finished pig price, following a 4c/kg increase the previous week, reflecting the strong demand across the EU.

Ireland’s percentage of the EU price has improved and is currently 104% of the EU average price as reported to the EU Commission for the week commencing 26/12/2016.

Factory pig throughput in Republic of Ireland export plants for the week ending Dec 31st 2016 was 35,477 head which was 17,885 head less than the previous week and 7,156 more than in the corresponding week in 2015. Slaughtering’s in ROI export plants is 3.6% ahead of the same period in 2015.

Export Plants: Top prices on a flat rate basis </= 160/kg cent/kg in Karro, </= 157 cent/kg in Kepak </=158 cent/kg in Staunton’s, Dawn and Rosderra.

Pork Slaughters: The price range is </=160 cent/kg.

Sows: 95 – 100c/kg DW.

Weekly Slaughterings: Week-ending 24/12/2016 Pigs: 53,362 Sows: 837

EU-27 Pigmeat reference price week commending 26/12/16

Irish price €1.55kg

EU–27 average price €1.49kg

(Grade E pigs – 55% to 60% lean meat excluding VAT but including transport and bonuses).

Pig prices reported to IFA week-commencing 09/01/17

Rosderra </= €1.58/kg

Dawn </= €1.58/kg

Staunton’s </= €1.58/kg

Kepak </= €1.57/kg

Karro </= €1.60/kg

(All prices dependent on grading of pigs)

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