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No change last Friday in any quotes for pigs from Irish factories. Irish pig farmers continue to lose money at an unsustainable rate, with the gap between the prevailing pig price of €1.38c/kg and the ever-rising cost of production, getting close to 20c/kg. An actual loss over the cost of producing a factory fit pig is at €14 per pig. No doubt the pig sector has seen turbulent times before and will again, but a low and falling pig price coupled with the soaring cost of grains, is jeopardising the viability of the sector. IFA Pigs Chairman Tom Hogan, again called on Minister for Agriculture to call an emergency meeting of all stakeholders in the sector immediately, to decide on positive actions to help save Ireland’s 3rd largest agricultural sector.

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 30/07/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending August 4th 2018 was 66,178 head which was 4,171 head more than the previous week and 3,260 more than in the corresponding week in 2017.

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

Sows 55c/kg DW.

Weekly Slaughtering’s:  Week-ending 04/08/2018 Pigs: 66,178 Sows: 1,607

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 30/07/18

Irish price                                            €1.38kg

EU–27 average price                         €1.43kg

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

Pig prices remain below €1.40c/kg with €1.38c/kg the most common price quoted this week. The situation on pig farms has taken a double blow over the past two weeks, with the combination of a falling, below cost pig price and the ever-rising cost of feed. Spot prices for cereals have soared in recent days, and no long-term buying was conducted in recent days. The picture on feed cost will take a few weeks to settle once the main EU harvest is in and tonnage available is more evident. It is true to say that stocks will be tight in the 2018/2019 winter/spring season especially some cereal and protein by products, such as grains, pulp and hulls. On a slightly positive note, the falling pig price, has sparked an increase in the sale volumes of pork across the continent in recent days. Wholesalers and food service suppliers are back in the market in advance of the back to school season and the traditional increase in meat consumption market in September.

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 23/07/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending July 28th 2018 was 62,007 head which was 579 head more than the previous week and 548 less than in the corresponding week in 2017.

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

Sows 55c/kg DW.

Weekly Slaughtering’s:  Week-ending 28/07/2018 Pigs: 62,007 Sows: 1,456

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 23/07/18

Irish price                                            €1.39kg

EU–27 average price                         €1.44kg

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

No good news this week again. After both Rosderra and Kepak reduced quotes by 4c/kg for last week’s kill, Dawn and Staunton’s did likewise last Friday. With a high price of €1.38c/kg, and some pig farmers taking less than this, the financial situation on all pig farms is deteriorating by the week. Credit for feed is at a greater time length than either compounders or farmers would like and the months ahead don’t look like giving much of a reprieve. At current margins over feed cost declining towards a paltry 30c/kg, farmers are losing serious money with every pig sold. The pig industry has been here before and the tide will turn, but will it improve in time for all pig farmers in current production to survive? IFA Pigs Chairman Tom Hogan said he will consult all stakeholders, including Teagasc, the banks, feed merchants and providers, the primary and secondary pigmeat processors and the retailers. “Everybody involved in our business is under pressure and it is only by working together that our industry has a chance of survival”.

Ireland’s percentage of the EU price has improved and is currently 97% of the EU average price as reported to the EU Commission for the week commencing 16/07/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending July 21st 2018 was 61,428 head which was 2,568 head less than the previous week and 2,674 less than in the corresponding week in 2017.

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

Sows 55c/kg DW.

Weekly Slaughtering’s:  Week-ending 21/07/2018 Pigs: 61,428 Sows: 1,732

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 16/07/18

Irish price                                            €1.41kg

EU–27 average price                         €1.45kg

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

It’s going from bad to worse, as the Irish pig sector has struggled over the past 7 months to keep going despite the pig price being below the cost of production. The pig farmer is no stranger to volatility and is completely exposed to the pig cycle or high prices followed by increased production and low prices. The hope was that at a price of €1.42c/kg, the price was at the bottom of the cycle, and could only rise, but alas no. Ireland’s largest pig processor, Rosderra lowered this week’s quotes by 4c/kg and were joined by Kepak. Both Dawn Pork & Bacon and Staunton’s in West Cork, informed suppliers that they would hold prices but strongly indicated that a cut was in the pipeline. With many pigs receiving €1.38 base price today, it is no exaggeration to state that Ireland’s third largest agri sector is in a financial crisis and the outlook is bleak for the foreseeable months ahead. IFA pigs Chairman, Tom Hogan, said that pig farmers were both shocked and despondent after news broke last Friday of a pig price cut.

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 09/07/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending July 14th 2018 was 63,996 head which was 917 head less than the previous week and 5110 more than in the corresponding week in 2017.

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

Sows 55c/kg DW.

Weekly Slaughtering’s:  Week-ending 14/07/2018 Pigs: 63,996 Sows: 1,679

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 09/07/18

Irish price                                            €1.41kg

EU–27 average price                         €1.46kg

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

Irish pig prices remain unchanged for another week with pig farmers taking between €1.38c/kg and €1.42c/kg. Numbers offered have tightened significantly in recent weeks, and the average carcass weight has also dropped by a significant amount, as a result of the prolonged hot weather. Despite the weekly kill dropping to 65,675, the sales market has so far failed to see any significant uplift in demand across the EU market. Pig farmers concern about this continues as low pig price has heightened, especially as forecasts predict an increase in pig production for the second half of 2018 in the EU and other key export regions such as the US. Combined with uncertainty of the future feed markets, the Irish pig sector is in for a difficult 6 months. What a change from 12 months ago, when pig price was 30c/kg higher, and feed was stable.

Ireland’s percentage of the EU price has improved and is currently 97% of the EU average price as reported to the EU Commission for the week commencing 02/07/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending July 7th 2018 was 64,913 head which was 449 head less than the previous week and 5330 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 07/07/2018 Pigs: 64,913 Sows: 1,961

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 02/07/18

Irish price                                            €1.41kg

EU–27 average price                         €1.45kg

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


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