Solid Demand Results in Pig Price Rise

Chairman of the IFA Pigs Committee, Tom Hogan said that the solid demand from processors has resulted in a 2c/kg increase in prices being paid for pigs this week.

Strongest demand is reported to be coming from the northern part of the country and across the border in Northern Ireland. Tom Hogan welcomed this increase but called on the processing industry to be mindful of the delicate financial status on pig farms across Ireland, after the well documented difficulties of the past two years. The current price is covering the cost of production, but the financial losses sustained needs to be recouped in 2017 to ensure Ireland’s third largest agricultural sector survives.

Ireland’s percentage of the EU price has improved and is currently 101% of the EU average price as reported to the EU Commission for the week commencing 11/1/2017.

Factory pig throughput in Republic of Ireland export plants for the week ending Jan 7th 2017 was 49,371 head which was 13,894 head more than the previous week and 13,613 less than in the corresponding week in 2016. Slaughtering’s in ROI export plants is -21.6% behind the same period in 2016.

Export Plants: Top prices on a flat rate basis </= 162cent/kg in Karro, </= 158 cent/kg in Kepak </=160 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 7/1/2017 Pigs: 49,371 Sows: 1,680

EU-27 Pigmeat reference price week commencing 11/1/17

Irish price €1.53kg

EU–27 average price €1.52kg

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

Pig prices reported to IFA week-commencing 16/01/17

Rosderra </= €1.60/kg

Dawn </= €1.60/kg

Staunton’s </= €1.60/kg

Kepak </= €1.58/kg

Karro </= €1.62/kg

(All prices dependent on grading of pigs)

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