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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).

Steady as she goes, with no change in quotes from pig processors again this week. While some European countries had a period of instability due to over exposure to export markets such as China, these markets have recovered and are showing weekly increases. The concern over ASF remains the key issue for pig producers and it has caused the worldwide disruption to the pigmeat market. The ever-evolving situation with coronavirus is having an impact on all trade to China and may delay the expected increase in pigmeat exports to that market. IFA Pigs Chairman called on all retailers this week to realise that they cannot take food for granted any longer, as they have done with pigmeat for many years. The days of breakeven margins and below cost selling have to end. We need a sustainable food producing industry where everyone can survive.

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 27/1/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending February 8th 2020 was 68,038 head which was 1,381 less than the previous week and 1,449 more 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 €1.30/kg DW.

Weekly Slaughtering’s:  Week-ending 8/2/20 Pigs: 66,266 Sows: 1,772

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 27/1/20

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).

Pig prices remain stable with farmers receiving €1.96/kg from the main processors and 2c/kg either side of this quote. Reviewing the Irish and European pig market over the past 2 months, it is noticeable that the same fluctuations seen in the European pig market have not been seen here in Ireland. While the European market has responded to export markets demands at a faster rate, with prices rising and falling on a more pronounced and regular basis, the Irish market has been much more stable. This has been positive for Irish farmers over the past 2 months, but a negative while the market and demand increases. This was very pronounced in March 2019 when the European market improved but the Irish market lagged behind.

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 20/1/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending February 1st 2020 was 69,419 head which was 762 more than the previous week and 651 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 €1.30/kg DW.

Weekly Slaughtering’s:  Week-ending 1/2/20 Pigs: 67,466 Sows: 1,953

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 20/1/20

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).

Prices for pigs remain at similar quotes, with €1.96/kg being achieved by most farmers. The pig market in continental Europe has seen a number of significant price decreases in recent weeks. The German pig price has reduced down to €1.82/kg this week, it is important to realise these markets are more volatile than the Irish market. While the home domestic market remains a key outlet for Irish produce, export destinations such as China are a great boost, but we are not as reliant as many of the pigmeat export nations in the EU, such as Germany.  Volatility on the down side in other pig markets is balanced by increased volatility on the up side, with German pig price exceeding €2.05/kg for a number of weeks in the run up to Christmas ‘19. What is clear on the home front, there is no build-up of pig numbers on farms and there is a market for every pig.

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 30/12/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending January 11th 2020 was 69,745 head which was 14,536 more than the previous week and 335 more 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 €1.30/kg DW.

Weekly Slaughtering’s:  Week-ending 11/1/20 Pigs: 67,829 Sows: 1,916

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 30/12/19

Irish price                                            €1.90kg

EU–27 average price                         €1.93kg

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

Its back to normality after two interrupted weeks over the Christmas period. Forward planning by both pig farmers and factories saw an increased kill in the run up to the end of December and there are no reports of any significant build up of factory fit stock on farms. On the pig price, it remained stable for the past few weeks and looks likely to remain so. While other European countries saw good increases in December, rising above €2/kg, these record prices have since fallen back to €1.95/kg. Quotes in Ireland never saw these peaks, but we should not expect to see any negative movement in January according to IFA Pig Chairman Tom Hogan. The 2020 outlook remains positive, with Teagasc predicting an average pig price in 2020 of €2.15/kg. This good price is entirely dependent on Ireland remaining free from ASF.  Ear to the Ground are covering the deadly pig disease on RTE, Thursday at 7pm.

Factory pig throughput in Republic of Ireland export plants for the week ending January 5th 2020 was 55,209 head which was 38,682 more than the previous week and 264 more 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 €1.30/kg DW.

Weekly Slaughtering’s:  Week-ending 5/1/20 Pigs: 53,397 Sows: 1,812


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