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The Irish pig market remains buoyant with good demand from all processors on the back of improving pork markets, especially the export market. Last week’s kill of 55,000 in a short working week, is down about 4% on the corresponding bank holiday week in 2018. This small but very significant reduction in pig throughput is beginning to be replicated right across the main pig producing and exporting countries of the EU. A 2-4% reduction in production combined with the well-publicised increase in demand from China is going to lead to improving returns for processors and pig prices will rise further in the coming weeks. The German pig market, which is reflective of the Irish production and export dynamics in many ways, increased again last week to hit €1.78c/kg. IFA Pig Chair Tom Hogan said that we should be receiving at least this price and he called on all pig factories to raise their quotes to €1.80.

Ireland’s percentage of the EU price has improved and is currently 94% of the EU average price as reported to the EU Commission for the week commencing 29/4/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending May 11th 2019 was 54,992 head which was 10,545 head less than the previous week and 498 more than in the corresponding week in 2018.

Export Plants: Top prices on a flat rate basis </= €1.72/kg in Staunton’s and Dawn Pork & Bacon, >/= €1.70/kg-€1.74/kg in Rosderra and Kepak.

Sows 0.90-0.95c/kg DW.

Weekly Slaughtering’s:  Week-ending 11/5/2019 Pigs: 53,251 Sows: 1,741

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 29/4/19

Irish price                                            €1.60kg

EU–27 average price                         €1.70kg

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

Another good week for Irish pig farmers with an increase of 4c/kg across the board from all factories for this week’s pigs. This leaves pig farmers receiving a price of €1.68-€1.70/kg, but with intense competition from all processors and agents to maintain numbers, some farmers have received up to 4cent above quotes.  IFA Pigs Chairman Tom Hogan welcomed what he saw as a further correction of the Irish pig price, which still has finally caught up with the European average price. Hogan said that while at last Irish pig farmers are getting a just return for their produce, it is true to say that the market place has returned a greater price than factories passed back over the last two months.  He said that IFA will continue to monitor market returns and keep pressure on Irish processors to pass back expected increases.

Ireland’s percentage of the EU price has improved and is currently 94% of the EU average price as reported to the EU Commission for the week commencing 22/4/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending May 4th 2019 was 65,537 head which was 12,697 head more than the previous week and 1,905 less than in the corresponding week in 2018.

Export Plants: Top prices on a flat rate basis </= €1.70/kg in Staunton’s and Dawn Pork & Bacon, >/= €1.68/kg-€1.72/kg in Rosderra and Kepak.

Sows 0.90-0.95c/kg DW.

Weekly Slaughtering’s:  Week-ending 6/5/2019 Pigs: 63,802 Sows: 1,735

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 22/4/19

Irish price                                            €1.56kg

EU–27 average price                         €1.68kg

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

Pig prices continue to follow the upward European trend with all processors increasing their quotes for this week’s pigs. While most processors announced their increased quotes of 4c/kg last Friday, Rosderra, the country’s largest processor waited until after the long weekend and returned a 6c/kg increase to their suppliers. This leaves pig farmers receiving a price of €1.60-€1.62/kg. IFA Pigs Chairman said that there is extreme competition for pigs and prices will continue to rise over the coming weeks and months. He said that while most pig farmers were receiving the price quoted above, there were reports that some processors were attempting to buy pigs at lower than €1.60/kg and he said this has to stop. He called on all processors to continue to pass increased returns received from the improving market place on, to much needed pig price increases.

Ireland’s percentage of the EU price has improved and is currently 89% of the EU average price as reported to the EU Commission for the week commencing 8/4/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending April 20th 2019 was 66,902 head which was 3,582 head less than the previous week and 876 less than in the corresponding week in 2018.

Export Plants: Top prices on a flat rate basis </= €1.62/kg in Staunton’s and Dawn Pork & Bacon, >/= €1.60/kg-€1.62/kg in Rosderra and Kepak.

Sows 0.85-0.92c/kg DW.

Weekly Slaughtering’s:  Week-ending 20/4//2019 Pigs: 65,021 Sows: 1,881

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 8/4/19

Irish price                                            €1.48kg

EU–27 average price                         €1.66kg

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

There was no change in pig price last week with all main processors holding quotes at €1.42 to €1.46/kg.  Despite the short working week with the bank holiday, all factories were very anxious for pigs and many processors have had to pay above quotes for this week’s pigs.  The market situation in Europe continues to improve driven mainly by demand from China.  The German pig price increased by 12c/kg over the past two weeks and now stands at €1.50/kg +.

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 11/3/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending March 23rd 2019 was 54,521 head which was 14,517 head less than the previous week and 6,910 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 23/3/2019 Pigs: 52,857 Sows: 1,664

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 11/3/19

Irish price                                            €1.41kg

EU–27 average price                         €1.39kg

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

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.


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