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No change in factory quotes for pigs again this week. Farmers report prices in the general range of €1.80c/kg up to €1.82c/kg, with the upper end becoming more common. The third quarter of the year normally sees an increase in production across Europe and a depression in the market but it seems that demand from China is going to dominate the market for the foreseeable future. Pig prices in China have increased dramatically in recent weeks, hitting over €5/kg. Pork stocks that were built up by early culling in advance of spreading ASF throughout China have now depleted and the market must pay for the shortfall on the prevailing market. The most worrying issue for Irish farmers today remains the threat of ASF being introduced into Ireland and Tom Hogan, IFA Pig Chairman again called on the Department of Agriculture to increase checks of any imported pork into the country.

Ireland’s percentage of the EU price has improved and is currently 96% of the EU average price as reported to the EU Commission for the week commencing 26/8/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending Sept 7th 2019 was 66,070 head which was 1,516 less than the previous week and 1,449 less than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.80-€1.82/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.

Sows €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 7/9/2019 Pigs: 64,364 Sows: 1,706

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 26/8/19

Irish price                                            €1.74kg

EU–27 average price                         €1.81kg

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

A positive week for pig farmers with announcements from all factories last Friday of a 4c/kg increase in this week’s pig price. This leaves the majority of suppliers receiving at least €1.80c/kg for their pigs, which when you look at the trends across other European pig exporting countries in recent weeks, is the minimum Irish pig farmers should be receiving. Supplies remain tight and spot loads of pigs have been offered 4c/kg over quotes. Looking ahead, all market analysts predict that demand will increase in the coming weeks and IFA Pigs Chairman Tom Hogan said, that with this demand, Irish processors must return the maximum price possible to their suppliers. We cannot afford to be left behind the leading prices being achieved across Europe. Pig farmers have suffered a terrible period of below cost production with most farmers only now starting to see any recovery in cash flow.

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 12/8/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending Aug 25th 2019 was 66,669 head which was 2,777 more than the previous week.

Export Plants:  Top prices on a flat rate basis </= €1.76-€1.78/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.

Sows €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 25/8/2019 Pigs: 64,956 Sows: 1,713

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 12/8/19

Irish price                                            €1.71kg

EU–27 average price                         €1.80kg

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

Irish pig producers were left disappointed last Friday with another week when Irish pork processors decided not to follow the European market trends. The Irish pig price remains at €1.76c/kg for another week, while the European pig exporting nations of Germany, Holland and Denmark drive on and prices have hit €1.90c/kg. The situation in Ireland, which is also very much influenced by the EU markets and should follow the European price upwards, has lagged behind for three weeks now.    Similar to previous weeks, there is pigs moving at above quoted prices but IFA Pigs Chairman Tom Hogan called on the processing sector to officially increase the price and return at least 4c/kg to all farmers this Friday. A 10c/kg increase is required in the short term, just to bring the Irish pig price in line with our European counterparts.

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 5/8/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending Aug 18th 2019 was 63,892 head which was 6,697 more than the previous week and 3,843 less than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.76-€1.78/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.

Sows €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 18/8/2019 Pigs: 61,872 Sows: 2,020

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 5/8/19

Irish price                                            €1.73kg

EU–27 average price                         €1.77kg

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

While Irish pig factories are holding fast on official quotes of between €1.74c/kg and 1.76c/kg for this week, similar to the previous number of weeks, there is definitely a shift back to the sellers holding the balance of power. There has been a noticeable lift in pig prices across the EU in recent days, with the indicative German pig price increasing by 10c/kg over the past 10 days.  The number of available factory ready pigs are tight, not just in Ireland but across the EU.  IFA Pigs Chairman Tom Hogan said that all pig processors must return the 4c/kg price reduction taken off farmers in July. “If the Irish factories want to follow the EU markets, as they have done when the market slipped in recent weeks, they must also follow the market back up. Farmers should not be taking less than €1.80c/kg for their pigs with the current EU market and world demand for pork as is”.

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 22/07/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending Aug 4th 2019 was 67,836 head which was 1,658 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.74-€1.76/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.

Sows €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 4/8/2019 Pigs: 65,981 Sows: 1,855

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 22/07/19

Irish price                                            €1.71kg

EU–27 average price                         €1.73kg

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

All factories reduced their pig price down 4c/kg last Friday for this week’s pigs. The reason given by processors were the sluggish export market and the negative effect that the recent upsurge in pig price has had on demand. The main driver of the world pig price increase since April this year, the Chinese market, has resisted the most recent product price increases from EU exporters. Pork available from North and South America, even with trade tariffs applied, has become competitive against EU imports. The future outlook remains positive for the Irish pig price in the months ahead as demand will peak due to the reduction in domestic production in China and other ASF affected countries. After this price drop, farmers report prices ranging from €1.74c/kg to €1.76c/kg in the main. Supply to Irish factories remains tight with 64,262 killed last week.

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 01/07/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending July 13th 2019 was 64,262 head which was 178 head more than the previous week and 266 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.74-€1.76/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.

Sows €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 13/7/2019 Pigs: 62,747 Sows: 1,515

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 01/07/19

Irish price                                            €1.74kg

EU–27 average price                         €1.78kg

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


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