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While the four main export plants held their quotes ranging from 138c/kg to 142c/kg to pig farmers last Friday, there was increased prices reported being paid to many pig farmers for this week’s pigs.  Farmers at the lower end of these quotes have been reported to receive increases of between 2c-4c/kg.  Despite this, there was no official price rise, but all signs point to the illusive and much warranted price increase being implemented sooner rather than later.  Brexit is having a major negative impact on all meat markets with the continued uncertainty around the destination of 50% of Ireland’s pigmeat exports.  

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 18/2/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending March 2nd 2019 was 68,672 head which was 270 head less than the previous week and 69 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 2/3/2019 Pigs: 66,931 Sows: 1,889

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 18/2/19

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).

It’s the same story once again with no change in quotes announced last Friday for this week’s pigs. Anticipation is rising among farmers that the main pig processors will lead the price up 4c/kg this Friday, based on similar increases in European countries and reports that export demand has picked up. After the Chinese New Year celebrations and holiday period, industry reports have indicated a marked increase in activity from buyers looking for pork, from both the EU and Ireland to head East. The much-anticipated increase in demand from China due to both devastating ASF in the pig producing regions, and an international trade dispute with the US, at long last, seems to be coming to reality, albeit at a slower pace than predicted. Last week’s national kill was 68,672, once again below the 70k mark, indicating that demand is starting to exceed supply after months of the reverse. 

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 11/2/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending February 23rd 2019 was 68,672 head which was 270 head less than the previous week and 2,803 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 23/2/2019 Pigs: 66,981 Sows: 1,691

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 11/2/19

Irish price                                            €1.37kg

EU–27 average price                         €1.36kg

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

12 / 02 / 2019

Pig Market Report

Pigs

Last weeks kill of 66,589 pigs is the first, uninterrupted production week that did not exceed 70,000 pigs, indicating that the backlog of factory fit pigs that had built up on most farms has been cleared.

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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).


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