Pig Price Settles

Quotes from main export pig processing plants have settled this week in the range of €1.65/kg- €1.70c/kg.

Last week’s short working week resulted in a reduced kill of 52,400, but procurement managers are much more anxious to secure their weekly kill this week.

Chairman of the IFA Pigs Committee, Tom Hogan, said the Irish pig price has settled with most farmers receiving €1.66 and upwards this week.

He said that it was disappointing that prices had reduced in recent weeks by 8c/kg, following the European trend, but said that Irish factories will have to follow European trends upwards when they rise.

The trade for pigs has stabilised across the EU with demand increasing in the run up to the new academic school year. The main European pig producing countries are paying farmers around €1.70c/kg with the UK 10c/kg above this level.

Ireland’s percentage of the EU price has improved and is currently 98% of the EU average price as reported to the EU Commission for the week commencing 31/07/2017.

Factory pig throughput in Republic of Ireland export plants for the week ending August 5th 2017 was 62,918 head which was 363 head more than the previous week and 13,844 more than in the corresponding week in 2016. Slaughtering’s in ROI export plants is 0.2% ahead the same period in 2016.

Export Plants: Top prices on a flat rate basis </= 168cent/kg in Karro and </= €1.665/kg in Dawn, Staunton’s and Rosderra and </=€164 in Kepak.

Sows: 95 – 110c/kg DW.

Weekly Slaughterings: Week-ending 05/08/2017 Pigs: 62,918 Sows: 1,756

EU-27 Pigmeat reference price week commencing 31st July 2017

Irish price €1.67kg

EU–27 average price €1.70kg

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