Pig Prices Remain Settled with Deals Up to €1.72c/kg
Chairman of the IFA Pigs Committee, Tom Hogan has reported the Irish pig price remained relatively stable once again this week.
Quotes from processors remain settled in the range of €1.66/kg- €1.70c/kg with the majority of deals being done at the upper end of this range.
Reports from pig farmers around the country indicate that processors are not willing to lose pigs over a few cents and procurement managers are willing to pay above the lower quotes to secure supplies.
A few deals up to €1.72c/kg were reported for spot loads and lighter pigs.
Positive movement in EU markets
Positive movement has been seen in all EU markets with the EU pig price lifting significantly in the past week. With all main export markets, and the domestic market remaining positive over the Easter holiday period, there is justifiable optimism for increases in the Irish pig prices in the coming weeks.
Ireland’s percentage of the EU price has improved and is currently 99% of the EU average price as reported to the EU Commission for the week commencing 03/04/2017.
Factory pig throughput in Republic of Ireland export plants for the week ending Apr 8th 2017 was 63,875 head which was 2,447 head more than the previous week and 13 more than in the corresponding week in 2016. Slaughtering’s in ROI export plants is -0.8% behind the same period in 2016.
Export Plants: Top prices on a flat rate basis </= 170cent/kg in Karro and Dawn, </=167 cent/kg in Kepak, </=166 cent/kg in Staunton’s and Rosderra.
Pork Slaughters: The price range is </=160 cent/kg.
Sows: 95 – 100c/kg DW.
Weekly Slaughterings: Week-ending 08/04/2017 Pigs: 63,875 Sows: 1,806
EU 27 Pigmeat Reference Price week commencing 03/04/2017
Irish price €1.64kg
EU–27 average price €1.66kg
(Grade E pigs – 55% to 60% lean meat excluding VAT but including transport and bonuses).