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All processors held quotes this week, following the trend across the EU, with the market stabilising, albeit at lower prices than anticipated before the Coronavirus disrupted worldwide trade. What is clear after the past two weeks of turmoil, the foodservice sector is effectively reduced to a small percentage of what is was consuming, and not just in Ireland but across the globe. Retailer demand has jumped significantly, but this demand comes with more stringent specifications, and demand is not universal across the entire pig carcass. Regarding the valuable trade to Asia, there is positive news emerging that orders are starting to come into Europe for volume of pigmeat again, and the priority must be to get these distribution channels back flowing again. The importance of keeping the processing sector operating is vital, and IFA will continue to liaise with the DAFM and processors to ensure this happens.

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 16/3/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending March 29th 2020 was 71,670 head which was 12,362 more than the previous week and 2,850 more than in the corresponding week in 2019.

Export Plants:  Top prices on a flat rate basis </= €1.84/kg in Rosderra and Kepak,</= €1.84-€1.86/kg in Staunton’s and </= €1.88/kg in Dawn Pork & Bacon.

Sows €1.10/kg DW.

Weekly Slaughtering’s:  Week-ending 29/3/20 Pigs: 70,710 Sows: 1,960

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 16/3/20

Irish price                                            €1.85kg

EU–27 average price                         €1.89kg

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

 

A week of turmoil for all agricultural sectors, but the pig sector had a serious disease scare, combined with the continued negative impact of Covid-19.  Downward pressure continued on pigmeat markets, with the closedown of the foodservice sector.  All main pig factories dropped the price by another 4c/kg leaving this week’s quotes from a low price of €1.84/kg in Rosderra and Kepak with up to €1.88/kg still being given to suppliers of Dawn Pork & Bacon. This downward price pressure has seen similar trends across the EU, but the strong retail demand is expected to stabilise the markets and the pig price. IFA Pig Chairman, Tom Hogan said that this strong demand from retailers will ensure that the pig price doesn’t fall any further. The importance of keeping the sector operating is vital, and IFA will continue to liaise with the DAFM and processors to ensure this happens.

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 9/3/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending March 21st 2020 was 59,308 head which was 12,300 less than the previous week and 9,730 less than in the corresponding week in 2019.

Export Plants:  Top prices on a flat rate basis </= €1.84/kg in Rosderra and Kepak,</= €1.84-€1.86/kg in Staunton’s and </= €1.88/kg in Dawn Pork & Bacon.

Sows €1.10/kg DW.

Weekly Slaughtering’s:  Week-ending 21/3/20 Pigs: 57,856 Sows: 1,452

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 9/3/20

Irish price                                            €1.86kg

EU–27 average price                         €1.94kg

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

The Irish pig price has settled this week, albeit at lower than what pig farmers had anticipated they would be receiving for their pigs a few weeks ago. IFA Pigs Chairman, Tom Hogan met with, and spoke with all main processors in recent days, reiterating the IFA response to recent cuts to the pig price. As all processers confirmed, the fundamentals of the world pigmeat market remain very good for an exporting country, with major deficits in China. The Coronaviruses has impacted on the ability of logistics to operate as they normally would. Delays in shipping, road haulage and secondary processing in China have all held up consignments heading from Ireland and the EU to China. There is a temporary backlog due to the Coronavirus impact, but the demand for product remains as high as ever and will return, the only question is when.

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 24/2/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending March 7th 2020 was 63,062 head which was 794 less than the previous week and 36 less than in the corresponding week in 2019.

Export Plants:  Top prices on a flat rate basis </= €1.88-€1.90/kg in Rosderra and Kepak,</= €1.90/kg in Staunton’s and </= €1.92/kg in Dawn Pork & Bacon.

Sows €1.20/kg DW.

Weekly Slaughtering’s:  Week-ending 7/3/20 Pigs: 63,062 Sows: 1,900

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 24/2/20

Irish price                                            €1.91kg

EU–27 average price                         €1.93kg

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

Another disappointing development to the Irish pig trade with all processors taking the decision to drop the pig price by 4c/kg. This leaves suppliers to Rosderra and Kepak receiving €1.88-1.90/kg, with suppliers to both Dawn Pork & Bacon and Staunton’s 4c/kg better in general. Justifying the price drop, the effect that Coronavirus is having on the pigmeat trade to China was blamed. They reported a build-up of stocks of pork destined for the high value Chinese market, that are unable to set sail in a timely manner due to trade disruption caused by the human virus. This product is holding up valuable chill space for processors, and will, according to factory bosses, have to be offloaded at less than anticipated prices, depending on the evolving worldwide health scare.  IFA Pig Chairman, Tom Hogan said in a statement that now was not the time to drop the pig price with EU markets having all improved. He continued, IFA will meet processors this week to ensure fairness for Irish pig farmers and no overreaction to the Coronaviruses situation.

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 17/2/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending February 29th 2020 was 63,856 head which was 1,952 less than the previous week and 4,964 less than in the corresponding week in 2019.

Export Plants:  Top prices on a flat rate basis </= €1.88-€1.90/kg in Rosderra and Kepak,</= €1.90/kg in Staunton’s and </= €1.92/kg in Dawn Pork & Bacon.

Sows €1.20/kg DW.

Weekly Slaughtering’s:  Week-ending 29/2/20 Pigs: 63,837 Sows: 1,550

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 17/2/20

Irish price                                            €1.91kg

EU–27 average price                         €1.88kg

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

Pig prices remain stable with no change in quotes from pig processors again this week. The Irish price remains above the EU average which is €1.84/kg but is showing positive signs of increasing in recent weeks. The announcement of ASF outbreak in Greece last week, is a reminder of the consent threat that ASF holds over the entire pig production sector.  Greece joins the list of 9 EU countries that have ASF. This latest outbreak shows that ASF is far from being controlled in the EU, and the highest levels of precautions are needed at Ireland ports and airports if Ireland is to remain ASF free.  Th ASF situation in Asia remains uncontrolled, with a new outbreak in Bali last week. The deficit in pigmeat is forecasted to continue to grow with record low production in China in 2020. The EU remains in prime place to capitalise on export opportunities and the prospect for Irish pig price remains very positive.

Ireland’s percentage of the EU price has improved and is currently 104% of the EU average price as reported to the EU Commission for the week commencing 3/2/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending February 15th 2020 was 67,194 head which was 844 less than the previous week and 1,746 less than in the corresponding week in 2019.

Export Plants:  Top prices on a flat rate basis </= €1.94/kg in Staunton’s, </= €1.96/kg in Dawn Pork & Bacon, Rosderra and Kepak and </= €1.98/kg in Karro.

Sows €1.20/kg DW.

Weekly Slaughtering’s:  Week-ending 15/2/20 Pigs: 65,387 Sows: 1,807

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 3/2/20

Irish price                                            €1.91kg

EU–27 average price                         €1.82kg

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


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