Early Uplift in Pig Prices Expected

As we enter 2017, farmers are expecting an uplift in prices early in the year and stable pig prices for 2017 to give pig farmers a chance to recoup the loses of the past 18 months, Chairman of the IFA Pigs Committee Tom Hogan has said.

The demand for pigs has remained strong from all processors over the festive period and this strong demand should continue into the coming week. Prices quoted from factories remain stable but more has been paid in order to secure sufficient supply. Encouraging news from the European market last Friday with Germany increasing 4c/kg reflecting the strong demand across the continent.

Ireland’s percentage of the EU price has improved and is currently 100% of the EU average price as reported to the EU Commission for the week commencing 17/12/2016.

Factory pig throughput in Republic of Ireland export plants for the week ending Dec 24th 2016 was 53,362 head which was 16,009 head less than the previous week and 14,884 less than in the corresponding week in 2015. Slaughtering’s in ROI export plants is 4% ahead of the same period in 2015.

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

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 commencing 17/12/16

Irish price €1.55kg

EU–27 average price €1.55kg

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

Pig prices reported to IFA week-commencing 02/01/17

Rosderra </= €1.58/kg

Dawn </= €1.60/kg

Staunton’s </= €1.58/kg

Kepak </= €1.58/kg

Karro </= €1.60/kg

(All prices dependent on grading of pigs)

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