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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).

No change in any quotes for this week’s pig kill from a low of €1.38c/kg to €1.42c/kg with suppliers to both Dawn Pork and Bacon and Staunton’s at the higher end of these quotes.  Last week saw another large kill with 71,837 pigs killed in the Republic of Ireland and over 7,000 pigs travelled across the border for slaughter.  IFA Pigs Chairman Tom Hogan said that frustration at farm level was building and he called on the main processors to recognise the financial crisis that pig farmers are enduring.  He urged all pig factory bosses to increase pig prices in the lead up to Christmas. 

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 19/11/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending December 1st 2018 was 69,940 head which was 1,228 head less than the previous week and 924 less 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 1/12/2018 Pigs: 69,940 Sows: 1,872

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 19/11/18

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).

04 / 12 / 2018

Pigs

Processors all held their individual pricing for this week’s kill. Rosderra and Kepak both held at the lower end with an official quote of €1.38c/kg. Pig farmers suppling both factories report that there was some negotiation and more to be got. Dawn Pork & Bacon and Staunton’s in West Cork both maintained quotes at €1.42c/kg. The market outlook continues to be unstable. Experts predict increased demand from China in the new year which will be a positive influence on pig price. Today, the market remains slightly sluggish, with pork and bacon sales across the EU being hard to drive forward. Increased production in the EU, and the US has also put extra product on the worldwide pigmeat market. The national kill was 73,265 in Ireland last week, one of the highest of 2018. 

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 12/11/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending November 24th 2018 was 71,168 head which was 4,305 head more than the previous week and 3,664 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 24/11/2018 Pigs: 71,168 Sows: 2,073

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 12/11/18

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).

Kepak followed Rosderra’s lead and dropped the pig price by 4c/kg to suppliers last Friday for this week’s kill. This has left producers supplying pigs to both of these pig factories on a quote of €1.38/kg.  Both Dawn Pork & Bacon and Staunton’s held their quotes, with suppliers receiving on average €1.42/kg.  IFA Pig Chairman Tom Hogan said it was extremely disappointing to see the price falling from an already unsustainably low rate and stated that Pig Farmers are going out of business due to the historically low margins over feed cost.  Producers can simply not sustain the massive weekly losses on an ongoing basis.  He called on all stakeholders, the pig processors in particular, to be cognisant of the financial realities facing the industry. 

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 05/11/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending November 17th 2018 was 67,463 head which was 286 head more than the previous week and 3,401 less 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 17/11/2018 Pigs: 67,463 Sows: 2,120

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 05/11/18

Irish price                                            €1.39kg

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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