With no change in quotes for pigs once again this week and €1.40c/kg being the most common price achieved, Ireland has slipped to 95% of the European average pig price.
IFA National Pigs Chairman Tom Hogan has called on the main export plants to increase prices with immediate effect. He said, industry sources still report improvements across all markets but this is of little comfort to pig producers who have sold pigs at 10c/kg below the cost of production for more than 10 weeks now.
Ireland’s percentage of the EU price has improved and is currently 95% of the EU average price as reported to the EU Commission for the week commencing 05/03/2018.
Factory pig throughput in Republic of Ireland export plants for the week ending March 17th 2018 was 67,999 head which was 4,971 head less than the previous week and 14,760 more than in the corresponding week in 2017.
Export Plants: Top prices on a flat rate basis </= €1.40c/kg in Kepak, Rosderra, and Stauntons and </= €1.42/ €1.44c/kg in Dawn Pork and Bacon and Cookstown.
Sows: 65– 75c/kg DW.
Weekly Slaughterings: Week-ending 17/03/2018 Pigs: 67,999 Sows: 2,385
EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 05/03/18
Irish price €1.39kg
EU–27 average price €1.49kg
(Grade E pigs – 55% to 60% lean meat excluding VAT but including transport and bonuses).