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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).

There was little change to Irish pig prices for the past two weeks, with a cent here and there gained. More farmers are now receiving €1.80c/kg, and up to 4c/kg more is being paid by some processors, but €1.80c/kg is now the average Irish pig price. Demand from China, which has been the main driver of European pig prices over the past 3 months, is stable, and as predicted by the EU Commission trade report in April, it may be into quarter 3 of the year before demand for imports into China peaks. It is worth noting that the effect that ASF has had on the Chinese domestic pig market will be reciprocated in neighbouring Asian countries which have fallen to the epidemic after China. The outlook for EU pigmeat and pig prices remains positive, as long as European and Irish authorities succeed in containing the threat and spread of ASF.

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 24/6/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending July 6th 2019 was 64,084 head which was 2,587 head less than the previous week and 829 less than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.78-€1.82/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.

Sows €1.00-€1.05/kg DW.

Weekly Slaughtering’s:  Week-ending 6/7/2019 Pigs: 62,554 Sows: 1,530

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 24/6/19

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).

The supply of factory ready pigs remains in tight supply as indicated by the reduced weekly kill of 63,500 last week. Pig factories appear to have circled the wagons and held prices for the past two weeks, and the upward trajectory of Irish pig prices has temporarily stalled. This is in line with the EU Commission pig market outlook which predicted that the EU pig price would increase to today’s current price and level off for a period in mid-summer. It is worth noting that the same outlook report predicts that the real impact of ASF and the loss of domestic production in China will cause demand for European pork to increase in the third quarter of 2019. Farmers continue to receive in the region of €1.78c/kg for pigs this week, with most farmers finding it difficult to break the €1.80c/kg barrier.

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 10/6/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending June 22nd 2019 was 63,515 head which was 2,683 head less than the previous week and 1,173 less than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.78-€1.82/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.

Sows 0.95c-€1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 22/6/2019 Pigs: 61,791 Sows: 1,724

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 106/19

Irish price                                            €1.74kg

EU–27 average price                         €1.80kg

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

The national pig kill returned to a normal 5 day working week, and the throughput was 68,018 last week. Total throughput for 2019 is 2% down in Ireland year to date, which is reflective of the EU as a whole. Coupled with the increased demand from export markets, this has driven pig prices to today’s levels. Farmers report prices of €1.78c/kg this week, with upward pressure on prices continuing. Deals have been reported up to €1.82c/kg for some pigs this week. Taking the first 24 weeks of the year, the price that pig farmers have received has averaged at just €1.50c/kg. This is only the breakeven figure that is required for a sustainable pig sector in Ireland. The current good pig price will need to be maintained for the long term in order for the sector to repay financial losses sustained over the previous 2 years.

Ireland’s percentage of the EU price has improved and is currently 97% of the EU average price as reported to the EU Commission for the week commencing 3/6/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending June 15th 2019 was 66,198 head which was 10,741 head more than the previous week and 1510 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.78-€1.82/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak. 

Sows 0.95c-€1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 15/6/2019 Pigs: 66,224 Sows: 1,794

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 3/6/19

Irish price                                            €1.71kg

EU–27 average price                         €1.76kg

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

The national pig kill was reduced down to 55,457 last week, due to the short working week caused by the June bank holiday and the tight supply of finished pigs coming on stream. The pig market remains strong with many pig farmers receiving increases of 2-4c/kg for this week’s pigs, depending on which factory they supply. Reports to the IFA indicate that the average price received this week is €1.78/kg with a high price of €1.82/kg reported. All reports from the Chinese market indicate that demand for imported pigmeat will increase and this demand is set to remain long term. It is worth noting that Irish pig farmers have only experienced two months of steadily increasing pig prices, from a disastrous low-cost price of €1.40/kg, which the Irish pig sector had endured for the previous 18 months. It will take many months to repay the heavy losses pig farmers experienced.

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 27/5/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending June 8th 2019 was 55,457 head which was 10,623 head less than the previous week and 1770 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.76-€1.80/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.

Sows 0.95c-€1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 8/6/2019 Pigs: 54,000 Sows: 1,457

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

Irish price                                            €1.67kg

EU–27 average price                         €1.75kg

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


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