Pigs Market Reports

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Pigs Market Reports

No change from Irish processors with Irish pig farmers receiving €1.38-€1.42/kg. Demand from factories is meeting supply with no issues getting an extra load of pigs away this week. Last weeks kill remained high with just over 70 thousand throughput. The low and stagnant pig price which has pertained for the past 12 months has had a devastating effect on the financial stability of Irish pig farmers. Some have had no choice but to cease serving sows and wind up production, with others putting their units on the market for sale. Looking forward in the coming weeks, no one would argue that a major lift in prices is required for the sector to continue. The ongoing ASF outbreaks in China and loss of over 1 million pigs from their domestic herd, is hoped to give rise to an increase in demand, with Ireland in a good position to benefit from this anticipated trade shift. 

Ireland’s percentage of the EU price has improved and is currently 102% of the EU average price as reported to the EU Commission for the week commencing 21/1/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending February 2nd 2019 was 70,070 head which was 2,544 head less than the previous week and 4,208 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.42/kg in Staunton’s and Dawn Pork & Bacon, >/= €1.38/kg in Rosderra and Kepak.

Sows 50c/kg DW.

Weekly Slaughtering’s:  Week-ending 2/2/2019 Pigs: 67,855 Sows: 2,215

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 21/1/19

Irish price                                            €1.37kg

EU–27 average price                         €1.34kg

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

At last some signs of positive movement on the European price, with the German price increasing by 4c/kg this week. The backlog of numbers cased across by the Christmas break and significant overhang of stocks of meat in storage, which has depressed the overall pigmeat market for a number of months, seems to at last have some signs of rectifying itself. There is no change this week with Irish pig farmers receiving €1.38-1.42c/kg. African Swine fever (ASF) continues to cause major disruption to production across the Asian market, with disturbing reports of huge numbers of pigs culled to the disease. In Europe, biosecurity measures have been heightened to prevent ASF entering into the commercial pig units in France Germany and Denmark.  Ireland needs to do likewise to ensure the island remains ASF free. 

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 14/1/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending January 26th 2019 was 72,614 head which was 2,569 head more than the previous week and 4,628 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.42/kg in Staunton’s and Dawn Pork & Bacon, >/= €1.38/kg in Rosderra and Kepak.

Sows 50c/kg DW.

Weekly Slaughtering’s:  Week-ending 26/1/2019 Pigs: 70,203 Sows: 2,411

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 14/1/19

Irish price                                            €1.38kg

EU–27 average price                         €1.36kg

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

Much relief to all pig farmers that the dispute between the Vets and the Department of Agriculture has hopefully been resolved.  All pig processors strived to handle the backlog of pigs that had built up on farms because of the Christmas break, and lost production over the past month arising from the dispute.  Many farmers report extras pigs on hand and weights have increased since early December.  It is important that all stakeholders work together to clear this backlog and make sure that pigs meet market requirements.  There is no change in the pigmeat market with Rosderra and Keepak on a quote of €1.38/kg and both Dawn Pork and Bacon and Staunton’s holding at €1.42/kg. 

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 31/12/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending January 12th 2019 was 69,410 head which was 53,724 head more than the previous week and 17,957 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.42/kg in Staunton’s and Dawn Pork & Bacon, >/= €1.38/kg in Rosderra and Kepak.

Sows 50c/kg DW.

Weekly Slaughtering’s:  Week-ending 12/1/2019 Pigs: 67,781 Sows: 1,629

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 31/12/18

Irish price                                            €1.39kg

EU–27 average price                         €1.34kg

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

No price change with €1.38- €1.42/kg remaining the run of pig price received over the past 3 weeks. It is with some relief that pig farmers bid farewell to 2018, a year of low and stagnant pig prices, rising feed bills and increases in overall costs. After a full review, it is clear that pig farmers produced every kilo of pigmeat at a loss of 10cent on average for 2018.  Simply put, this will not continue in 2019, as increasing numbers of pig farmers are finding their credit terms stretched to beyond capacity. There is optimism that the Asian import market, China in particular will drive demand, but pig farmers need a price rise sooner rather than later. Th ongoing dispute between the Veterinary Union and the DAFM has caused a number of delays to the kill, further compounding the backup of pigs on farms, caused by the Christmas break. 

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 24/12/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending December 29th 2018 was 15,686 head which was 44,659 head less than the previous week and 5,496 less than in the corresponding week in 2017.

Export Plants:  Top prices on a flat rate basis </= €1.42/kg in Staunton’s, Dawn Pork & Bacon and Cookstown, >/= €1.38/kg in Rosderra and Kepak.

Sows 50c/kg DW.

Weekly Slaughtering’s:  Week-ending 29/12/2018 Pigs: 15,237 Sows: 449

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 24/12/18

Irish price                                            €1.39kg

EU–27 average price                         €1.35kg

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

Suppliers to the main export plants continue to receive pig prices ranging from €1.38/kg up to €1.42/kg.  Both Dawn Port & Bacon and Staunton’s continue to pay at the upper end of these quotes and have not reduced prices to their suppliers in recent weeks.  Despite increased seasonal demand and reports of exceptional high prices for pigmeat in certain export markets, Irish processors have resisted calls to increase pig price.  Supply of pigs in Ireland remains high with last week’s kill over 74,000 and the national kill is over 100,000 ahead of 2017.  Plans are in place on all units with their processor to handle extra pigs either side of the Christmas break. 

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 26/11/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending December 8th 2018 was 74,952 head which was 5,012 head more than the previous week and 1,219 more than in the corresponding week in 2017.

Export Plants:  Top prices on a flat rate basis </= €1.42c/kg in Staunton’s, Dawn Pork & Bacon and Cookstown, >/= €1.38/kg in Rosderra and Kepak.

Sows 55c/kg DW.

Weekly Slaughtering’s:  Week-ending 8/12/2018 Pigs: 73,101 Sows: 1,832

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 26/11/18

Irish price                                            €1.38kg

EU–27 average price                         €1.36kg

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


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