Pigs Market Reports

Home
Market Reports
Pigs Market Reports
20 / 03 / 2019

Pig Price Report

Pigs

Following from a 4c/kg increase that factories passed onto pig farmers a week ago, they all held prices this week, but the negotiation power has definitely started to turn back towards sellers rather than buyers of pigs.

All procurement managers and agents are anxious to make sure they have enough pigs to meet demand, which is a very positive sign of the trade, especially in this, a bank holiday week. The main story driving the increased demand for pigmeat globally is African Swine Fever (ASF), a serious disease that effects swine but presents zero risk to humans. ASF has affected a large part of China, the world’s biggest producer, consumer and importer of pigmeat. Recent reports put the national Chinese pig herd at 16.6% lower year on year. While it is to the detriment of the pig industry in certain parts of China, it is the EU including Ireland, who are best placed to supply the increased demand to fill the growing void caused by ASF.

Positive news last Friday morning from all pig processors with the announcement of an official 4c/kg price rise for this week’s pigs. This has risen most suppliers above €1.40c/kg, with Rosderra and Kepak quoting €1.42c/kg and both Dawn Pork & Bacon and Staunton’s in West Cork at 4c/k above these quotes. Karro in Cookstown also lifted the prices paid to ROI pig suppliers by 4c/kg. This rise has been long anticipated by farmers and IFA Pig Chairman Tom Hogan welcomed the price increase. “Irish pig farmers have suffered massive losses for over 14 months now and will continue to do so until the market returns a number of further price increases. The margin over feed that the sector has operated at for months now is completely unsustainable. This is the first step in the road to recovery for Irelands third largest agricultual sector”.

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 25/2/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending March 9th 2019 was 67,841 head which was 831 head less than the previous week and 5,129 less than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.46/kg in Staunton’s and Dawn Pork & Bacon, >/= €1.42/kg in Rosderra and Kepak.

Sows 50c/kg DW.

Weekly Slaughtering’s:  Week-ending 9/3/2019 Pigs: 65,940 Sows: 1,901

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 25/2/19

Irish price                                            €1.38kg

EU–27 average price                         €1.37kg

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

While the four main export plants held their quotes ranging from 138c/kg to 142c/kg to pig farmers last Friday, there was increased prices reported being paid to many pig farmers for this week’s pigs.  Farmers at the lower end of these quotes have been reported to receive increases of between 2c-4c/kg.  Despite this, there was no official price rise, but all signs point to the illusive and much warranted price increase being implemented sooner rather than later.  Brexit is having a major negative impact on all meat markets with the continued uncertainty around the destination of 50% of Ireland’s pigmeat exports.  

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 18/2/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending March 2nd 2019 was 68,672 head which was 270 head less than the previous week and 69 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.42/kg in Staunton’s and Dawn Pork & Bacon, >/= €1.38/kg in Rosderra and Kepak.

Sows 50c/kg DW.

Weekly Slaughtering’s:  Week-ending 2/3/2019 Pigs: 66,931 Sows: 1,889

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 18/2/19

Irish price                                            €1.38kg

EU–27 average price                         €1.36kg

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

It’s the same story once again with no change in quotes announced last Friday for this week’s pigs. Anticipation is rising among farmers that the main pig processors will lead the price up 4c/kg this Friday, based on similar increases in European countries and reports that export demand has picked up. After the Chinese New Year celebrations and holiday period, industry reports have indicated a marked increase in activity from buyers looking for pork, from both the EU and Ireland to head East. The much-anticipated increase in demand from China due to both devastating ASF in the pig producing regions, and an international trade dispute with the US, at long last, seems to be coming to reality, albeit at a slower pace than predicted. Last week’s national kill was 68,672, once again below the 70k mark, indicating that demand is starting to exceed supply after months of the reverse. 

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 11/2/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending February 23rd 2019 was 68,672 head which was 270 head less than the previous week and 2,803 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.42/kg in Staunton’s and Dawn Pork & Bacon, >/= €1.38/kg in Rosderra and Kepak.

Sows 50c/kg DW.

Weekly Slaughtering’s:  Week-ending 23/2/2019 Pigs: 66,981 Sows: 1,691

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 11/2/19

Irish price                                            €1.37kg

EU–27 average price                         €1.36kg

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

12 / 02 / 2019

Pig Market Report

Pigs

Last weeks kill of 66,589 pigs is the first, uninterrupted production week that did not exceed 70,000 pigs, indicating that the backlog of factory fit pigs that had built up on most farms has been cleared.

Read More


1 2 3 4 47
Copyright 2019 © - The Irish Farmers Association - Web Design Dublin by Big Dog