Pigs Market Reports

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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).

While Irish pig farmers are receiving the same payment – €1.40c/kg – this week as they were in mid-January, there appears to be light at the end of tunnel.

The main European exporting countries of Denmark, Spain, and Germany have reported price increases both last week and this week.

While they were at low, or below the cost of production levels to start with, the upward movement augurs well for the Irish pig price to eventually increase towards the breakeven figure of €1.50c/kg.

Last week’s trade mission trip to China led by EU Agriculture Commissioner Phil Hogan along with Agriculture Minister Michael Creed and Bord Bia CEO Tara McCarthy, highlighted the importance of developing growth export markets in Asian and other emerging markets, to provide a viable outlet for Irish pigmeat into the future.

IFA Pigs Chairman, Tom Hogan who joined the Irish delegation in China, said he was positive about the future prospects of increased returns from this key export market.

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 07/05/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending May 12th 2018 was 54,494 head, which was 12,948 head less than the previous week and 9,740 less than in the corresponding week in 2017.

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

Sows 60c/kg DW.

Weekly Slaughterings:  Week-ending 12/05/2018 Pigs: 54,494 Sows: 1,698

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 07/05/18

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).

While Irish pig farmers are receiving the same payment, €1.40c/kg, by and large as they were in mid-January, there appears to be light at the end of tunnel. The main European pig exporting countries of Denmark, Spain, and Germany have reported pig price increases both last week and this week. While they were at low, below the cost of production levels to start with, the upward movement augers well for the prospect of the Irish pig price eventually increasing toward the breakeven figure of €1.50c/kg. Last week’s trade mission trip to China led by EU Agricultural Commissioner Phil Hogan along with Agricultural Minister, Michael Creed and Bord Bia CEO Tara McCarty, highlighted the importance of developing growth export markets in Asian and other emerging markets, to provide a viable outlet for Irish pigmeat into the future. IFA Pigs Chairman, Tom Hogan who joined the Irish deleagtion in China said he was positive about the future prospects of increased returns from this key import market.

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 07/05/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending May 12th 2018 was 54,494 head which was 12,948 head less than the previous week and 9,740 less 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 12/05/2018 Pigs: 54,494 Sows: 1,698

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 07/05/18

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).


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