Pigs Market Reports

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Many pig farmers had realistically expected at least a 4c/kg price rise last Friday, but further disappointment when “no change” was once again reiterated around the main pig processors. Coupled with this, was the announcement by the main feed compounders, of pig feed price increases taking effect on 1st September, adding between 4c/kg and 8c/kg on the cost of production.  At this stage the crisis is having a real effect through the industry with no non-essential work taking place, reduced inseminations and a marked increase in the culling rate of sows recorded by the Department every week. IFA Pigs Chairman said, “it is only a price rise that will save many pig farmers from going out of business, and that’s where the IFA will focus on immediately. Time for talk is running short, and money is what is required now”.

Ireland’s percentage of the EU price has improved and is currently 90% of the EU average price as reported to the EU Commission for the week commencing 20/08/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending September 1st 2018 was 65,338 head which was 149 head more than the previous week and 1,529 more than in the corresponding week in 2017.

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

Sows 64c/kg DW.

Weekly Slaughtering’s:  Week-ending 01/09/2018 Pigs: 65,338 Sows: 2,158

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 20/08/18

Irish price                                            €1.37kg

EU–27 average price                         €1.52kg

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

Irish pig prices remained below €1.40c/kg with an average price quoted to regular suppliers of €1.38c/kg, but there has been some positive movement in price, granted small movement in the last week but never the less, from small beginning we must rise! The German market has remained 17/cg above the Irish quoted price at 1.55c/kg, and our nearest neighbours, and biggest import market, the UK, is 20 c/kg above the Irish price. IFA Pigs chairman, Tom Hogan called on every pig farmer to not accept the same price, and demand an increase. “Pig farmers have taken too much, the damage done over the past number of weeks to the pig sector of Ireland will take a long time to repair, with a number of pig units closing its doors and stopping insemination due to the deteriorating, financial situation even on the most efficient units”.

 Export Plants:  Top prices on a flat rate basis </= 140cent/kg in Karro and </= €138cent/kg in Dawn,  Staunton’s and Rosderra and </=€138cent/kg in Kepak.

Sows 50 – 55c/kg DW.

Weekly Slaughtering’s:  Week-ending 26/08/2017 Pigs: 65,202 Sows: 2,038

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 20/08/18

Irish price                                            €1.38kg

EU–27 average price                         €1.42kg

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

Ends.

 

Irish pig prices remained below €1.40c/kg with an average price quoted to regular suppliers of €1.38c/kg and some suppliers having to accept less than this. While numbers of pig remain strong at over 67,000 slaughtered last week. There has been a noticeable increase in sow throughput. It is too early to read much into this yet, but decisions on production are being made by pig farmers, and unfortunately in some cases by their bank managers, as to the viability of producing high numbers of pigs. Even the most efficient pig farms are losing significant money on a daily basis, and after 9 months of near breakeven prices, there is no reserves left to support a loss-making enterprise for much longer.  IFA Pigs Chairman, Tom Hogan insisted that pig factories must rise prices this Friday, and follow the German price up to €1.56c/kg

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 06/08/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending August 11th 2018 was 53,675 head which was 12,503 head less than the previous week and 2,752 more than in the corresponding week in 2017.

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

Sows 55c/kg DW.

Weekly Slaughtering’s:  Week-ending 11/08/2018 Pigs: 53,675 Sows: 1,897

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 06/08/18

Irish price                                            €1.38kg

EU–27 average price                         €1.46kg

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

No change last Friday in any quotes for pigs from Irish factories. Irish pig farmers continue to lose money at an unsustainable rate, with the gap between the prevailing pig price of €1.38c/kg and the ever-rising cost of production, getting close to 20c/kg. An actual loss over the cost of producing a factory fit pig is at €14 per pig. No doubt the pig sector has seen turbulent times before and will again, but a low and falling pig price coupled with the soaring cost of grains, is jeopardising the viability of the sector. IFA Pigs Chairman Tom Hogan, again called on Minister for Agriculture to call an emergency meeting of all stakeholders in the sector immediately, to decide on positive actions to help save Ireland’s 3rd largest agricultural sector.

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 30/07/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending August 4th 2018 was 66,178 head which was 4,171 head more than the previous week and 3,260 more than in the corresponding week in 2017.

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

Sows 55c/kg DW.

Weekly Slaughtering’s:  Week-ending 04/08/2018 Pigs: 66,178 Sows: 1,607

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 30/07/18

Irish price                                            €1.38kg

EU–27 average price                         €1.43kg

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

Pig prices remain below €1.40c/kg with €1.38c/kg the most common price quoted this week. The situation on pig farms has taken a double blow over the past two weeks, with the combination of a falling, below cost pig price and the ever-rising cost of feed. Spot prices for cereals have soared in recent days, and no long-term buying was conducted in recent days. The picture on feed cost will take a few weeks to settle once the main EU harvest is in and tonnage available is more evident. It is true to say that stocks will be tight in the 2018/2019 winter/spring season especially some cereal and protein by products, such as grains, pulp and hulls. On a slightly positive note, the falling pig price, has sparked an increase in the sale volumes of pork across the continent in recent days. Wholesalers and food service suppliers are back in the market in advance of the back to school season and the traditional increase in meat consumption market in September.

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 23/07/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending July 28th 2018 was 62,007 head which was 579 head more than the previous week and 548 less than in the corresponding week in 2017.

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

Sows 55c/kg DW.

Weekly Slaughtering’s:  Week-ending 28/07/2018 Pigs: 62,007 Sows: 1,456

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 23/07/18

Irish price                                            €1.39kg

EU–27 average price                         €1.44kg

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


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