Pigs Market Reports

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Irish pig prices remain unchanged for another week with pig farmers taking between €1.38c/kg and €1.42c/kg. Numbers offered have tightened significantly in recent weeks, and the average carcass weight has also dropped by a significant amount, as a result of the prolonged hot weather. Despite the weekly kill dropping to 65,675, the sales market has so far failed to see any significant uplift in demand across the EU market. Pig farmers concern about this continues as low pig price has heightened, especially as forecasts predict an increase in pig production for the second half of 2018 in the EU and other key export regions such as the US. Combined with uncertainty of the future feed markets, the Irish pig sector is in for a difficult 6 months. What a change from 12 months ago, when pig price was 30c/kg higher, and feed was stable.

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 02/07/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending July 7th 2018 was 64,913 head which was 449 head less than the previous week and 5330 more than in the corresponding week in 2017.

Export Plants:  Top prices on a flat rate basis </= €1.40c/kg in Kepak, Rosderra, and Staunton’s and </= €1.42/ €1.44c/kg in Dawn Pork and Bacon and Cookstown.

Sows 60c/kg DW.

Weekly Slaughtering’s:  Week-ending 07/07/2018 Pigs: 64,913 Sows: 1,961

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 02/07/18

Irish price                                            €1.41kg

EU–27 average price                         €1.45kg

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

Irish pig prices remain unchanged for yet another week with pig farmers taking from €1.38c/kg up to €1.42c/kg. Numbers offered have tightened significantly in recent weeks, and the average carcass weight has also dropped by a significant amount, as a result of the prolonged hot weather. Feed intakes have taken a hit, especially in the fattening sheds across the country as pig farmers work night and day to ensure adequate ventilation and freshwater supply is maintained at all times. As uncertainty around the future feed market increases with increases in energy feedstuffs being somewhat offset by reductions in protein commodities, the overall sentiment remains that feed for the 2018/2019 pig season will be significantly higher than it has been. A potential increase of €30/tonne in pig feed price equates to roughly a 12c/kg factory pig price lift to cover this extra cost. With pig markets not looking very giving, pig farmers face a difficult time ahead.

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 25/06/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending June 30th 2018 was 65,362 head which was 2478 head more than the previous week and 2820 more than in the corresponding week in 2017.

Export Plants:  Top prices on a flat rate basis </= €1.40c/kg in Kepak, Rosderra, and Staunton’s and </= €1.42/ €1.44c/kg in Dawn Pork and Bacon and Cookstown.

Sows 60c/kg DW.

Weekly Slaughtering’s:  Week-ending 30/06/2018 Pigs: 65,362 Sows: 1,537

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 26/06/18

Irish price                                            €1.41kg

EU–27 average price                         €1.45kg

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

Irish pig prices remain unchanged for yet another week following a weekly kill of 53,687. Quotes from the main export plants remain unchanged at €1.40c/kg. Traditionally the second quarter of the year would see an uplift in pig prices but that’s not the case this year, with prices remaining unchanged since mid-January. Combined with an average increase in the cost of pig feed of €25/tonne, many pig farmers are starting to come under financial pressure with up to €10 per pig being lost in some cases. Many smaller producers have made a decision to close their gates, with larger units taking the poor returns as an opportunity to destock their herds.  Poor returns combined with increasing pressure for even greater animal welfare standards from the EU, will force our national policy makers to re-examine how Ireland’s 3rd largest agricultural sector is catered for, if at all, in the future.

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 04/06/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending June 9th 2018 was 53,687 head which was 12,683 head less than the previous week and 861 more than in the corresponding week in 2017.

Export Plants:  Top prices on a flat rate basis </= €1.40c/kg in Kepak, Rosderra, and Staunton’s and </= €1.42/ €1.44c/kg in Dawn Pork and Bacon and Cookstown.

Sows 60c/kg DW.

Weekly Slaughtering’s:  Week-ending 09/06/2018 Pigs: 53,687 Sows: 1,558

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 04/06/18

Irish price                                            €1.40kg

EU–27 average price                         €1.45kg

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

Another good week on the European pig price front with further price increases across Germany, Denmark, Spain and Holland. The seasonal drop in the number of pigs being presented for slaughter is increasing processor demand at long last. The increase in temperatures across mainland Europe, not just Ireland last week, has increased consumer demand for barbecue cuts, with pork benefiting to a high degree from this increased demand and consumption. The Irish price remains unchanged at an average of €1.40c/kg again, but the positive trends on the continent auger well and Irish pig farmers continue to hope for a much-needed price rise towards the break-even figure of €1.50c/kg. While the weather was super across Ireland for the June bank holiday weekend, the only negative is the one day less slaughtering, which takes pressure and competition off procurement managers to fill this weeks and next week’s books.

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 21/05/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending May 26th 2018 was 66,570 head which was 568 head less than the previous week and 4,447 more than in the corresponding week in 2017.

Export Plants:  Top prices on a flat rate basis </= €1.40c/kg in Kepak, Rosderra, and Staunton’s and </= €1.42/ €1.44c/kg in Dawn Pork and Bacon and Cookstown.

Sows 60c/kg DW.

Weekly Slaughtering’s:  Week-ending 26/05/2018 Pigs: 66,570 Sows: 2,112

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 21/05/18

Irish price                                            €1.40kg

EU–27 average price                         €1.43kg

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

Positive news to report on the European pig price this week, with two weeks of sustained market improvements in the key pig producing nations of Germany, Denmark, Spain and Holland. Albeit from a low starting point at up to 20c/kg below the cost of production, pig prices have seen increases of 8-12c/kg in these markets. Upward movement is very much welcomed by both farmer and bank manager as reserves built up in 2017 have been well diminished after 5 months of poor pig prices in 2018. The Irish price remains unchanged at €1.40c/kg again, but the positive trends on the continent auger well and Irish pig farmers continue to hope for a much-needed price rise towards the break-even figure of €1.50c/kg.  The national kill remains strong at 68,682 reflecting the continued-on farm improvements in numbers of pigs produced per sow.

Ireland’s percentage of the EU price has improved and is currently 99% of the EU average price as reported to the EU Commission for the week commencing 14/05/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending May 19th 2018 was 67,138 head which was 12,644 head more than the previous week and 4,124 more than in the corresponding week in 2017.

Export Plants:  Top prices on a flat rate basis </= €1.40c/kg in Kepak, Rosderra, and Staunton’s and </= €1.42/ €1.44c/kg in Dawn Pork and Bacon and Cookstown.

Sows 60c/kg DW.

Weekly Slaughtering’s:  Week-ending 19/05/2018 Pigs: 67,138 Sows: 1,735

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 14/05/18

Irish price                                            €1.40kg

EU–27 average price                         €1.41kg

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


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