Pigs Market Reports

Home
Market Reports
Pigs Market Reports

More price adjustment as both Dawn and Staunton’s reduced their suppliers pig price by 4c/kg, following the lead of Rosderra and Kepak a week earlier.  All pig farmers have now taken a least a 32cent per kilo price reduction since the onset of Covid-19 in early March. This represents a cut of €26 per fat pig, which is an unsustainable cut.   On the positive side, markets have shown stability over the past two weeks, with EU markets appearing to have reached the bottom of the market at €1.65c/kg with signs of price improvement beginning to emerge across many EU markets. IFA Pigs Chairman Tom Hogan said that he had contacted all pig processors and reported that he sent the message in very strong that the cuts have to stop. Pig farmers have taken enough pain and there is no justification for any further cuts.  

Ireland’s percentage of the EU price has improved and is currently 105% of the EU average price as reported to the EU Commission for the week commencing 18/5/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending May 31st  2020 was 67,382 head which was 3,881 more than the previous week and 1,302 more than in the corresponding week in 2019.

Export Plants:  Top prices on a flat rate basis </= €1.62/kg-€1.66/kg in Rosderra and Kepak, </= €1.64/kg-€1.66/kg in Staunton’s and Dawn Pork & Bacon.

Sows €.75c/kg to €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 31/5/20 Pigs: 65,773 Sows: 1,609

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 18/5/20

Irish price                                            €1.68kg

EU–27 average price                         €1.60kg

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

 

The situation for Irish Pig farms has gone from bad to worse in the past week, with further price reductions of 4c/kg. While price is down to around the average price across the EU of €1.64/kg, throughput remains a key concern to the industry. Pigmeat plants continue to experience difficulties due to Covid-19, and restrictions in place are slowing down production in both slaughter lines and boning halls.  The EU market appears to have bottomed out, with signs that production issues are being overcome, and a positive turn in the market. IFA Pigs Chairman, Tom Hogan said the fundamentals of the worldwide pigmeat market remain as they did pre Covid, very positive. There is worldwide shortage of pigmeat to meet demand and this pandemic will add to this shortage. Once production capacity is back working on full tilt in Ireland and across the EU, and more direct links back to the consumer resume, Hogan said that the demand will see pig prices return to levels experienced pre Covid.

Ireland’s percentage of the EU price has improved and is currently 108% of the EU average price as reported to the EU Commission for the week commencing 24/5/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending May 24th 2020 was 63,501 head which was 1,776 less than the previous week and 3,019 less than in the corresponding week in 2019.

Export Plants:  Top prices on a flat rate basis </= €1.63/kg-€1.65/kg in Rosderra, Kepak, Staunton’s and Dawn Pork & Bacon.

Sows €.85c/kg to €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 24/5/20 Pigs: 61,674 Sows: 1,827

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 11/5/20

Irish price                                            €1.71kg

EU–27 average price                         €1.58kg

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

More price adjustment as both Dawn and Staunton’s reduced their suppliers pig price by 4c/kg, following the lead of Rosderra and Kepak a week earlier.  From a high price of €1.96- €1.98/kg pre Covid-19 to today’s prices that are 20c/kg below this level, it is true to say that the pig sector has taken a huge financial hit due to the global pandemic. Pig farmers were gearing up to a projected pig price above €2/kg on average for 2020 and a much-needed opportunity to replenish depleted cash reserves and carry out essential maintenance that had gone undone due to poor returns for many years.  The news that emerged last week, concerning meat factory workers contracting the Covid-19 virus is worrying on many levels. The health of Ireland’s essential meat factory workers is paramount and also the need to continue processing animals in an orderly fashion to avoid backlogs on the production chain. Any delays in getting pigs to factory have eased in recent days.

Ireland’s percentage of the EU price has improved and is currently 103% of the EU average price as reported to the EU Commission for the week commencing 20/4/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending May 3rd 2020 was 63,560 head which was 1,870 less than the previous week and 1,977 less than in the corresponding week in 2019.

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

 Sows €.85c/kg to €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 3/5/20 Pigs: 61,716 Sows: 1,844

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 20/4/20

Irish price                                            €1.85kg

EU–27 average price                         €1.79kg

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

More downward price pressure last week as Rosderra and Kepak followed the European market trend and dropped pig price by 4c/kg. While it had seemed that some degree of stability had come into the pigmeat market in recent weeks, last week the German pig market dropped price by 9c/kg, and like the two aforementioned Irish factories, most European export countries followed this descending price trend. Irish suppliers to Rosderra and Kepak are receiving from a low quote of €1.76/kg up to €1.80/kg, with a gap emerging once again to suppliers to Dawn Pork & Bacon and Staunton’s. Farmers suppling pigs to both these outfits are on the same price for the past two weeks at €1.82/kg up to €1.86/kg.  Commenting on this latest price drop, IFA Pigs Chairman Tom Hogan said that the pig market had decreased by 20c/kg in total and was the sector greatest affected by Covid-19 in Ireland in terms of price reduction. He called on all processors to stop the price cuts and return stability to the 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 13/4/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending April 26th 2020 was 65,430 head which was 7,050 more than the previous week and 12,590 more than in the corresponding week in 2019.

Export Plants:  Top prices on a flat rate basis </= €1.76/kg-€1.80/kg in Rosderra and Kepak,</= €1.80-€1.84/kg in Staunton’s and ,</= €1.82-€1.86/kg in Dawn Pork & Bacon.

Sows €.85c/kg to €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 26/4/20 Pigs: 63,534 Sows: 1,896

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 13/4/20

Irish price                                            €1.85kg

EU–27 average price                         €1.82kg

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

At last, a week with no downward movement on pig price. Rosderra and Kepak are quoted from as low as €1.78/kg but most suppliers are receiving €1.80/kg with an additional 2c/kg also reported. Dawn Pork & Bacon and Staunton’s were not as quick to reduce their pig price in recent weeks, and are now paying from €1.82-€1.84/kg to their regular suppliers. Cookstown in Northern Ireland has been reported to be more active this week for ROI pigs. It was noticeable that the numbers of pigs that were exported directly to Northern Ireland for slaughter had dropped in recent weeks, placing extra pressure on the Irish processing sector.  Across Europe, the pig price has stabilised and there are positive signs that trade to the valuable Asian markets, including China are beginning to open up again. IFA Pig Chairman, Tom Hogan said that all processors must admit the market had reached the bottom and that price recovery must be on the agenda.

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 13/4/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending April 19th 2020 was 58,380 head which was 11,910 less than the previous week and 8,522 less than in the corresponding week in 2019.

Export Plants:  Top prices on a flat rate basis </= €1.78/kg-€1.80/kg in Rosderra and Kepak,</= €1.82-€1.84/kg in Staunton’s and in Dawn Pork & Bacon.

Sows €.95c/kg to €1.05/kg DW.

Weekly Slaughtering’s:  Week-ending 19/4/20 Pigs: 56,832 Sows: 1,548

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 13/4/20

Irish price                                            €1.85kg

EU–27 average price                         €1.82kg

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


1 2 3 4 56
Copyright 2020 © - The Irish Farmers Association - Web Design Dublin by Big Dog
Top