Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
04 Sep 2018

Pig and Pigmeat Market Report

Pigs

Many pig farmers had realistically expected at least a 4c/kg price rise last Friday, but further disappointment when “no change” was once again reiterated around the main pig processors. Coupled with this, was the announcement by the main feed compounders, of pig feed price increases taking effect on 1st September, adding between 4c/kg and 8c/kg on the cost of production.  At this stage the crisis is having a real effect through the industry with no non-essential work taking place, reduced inseminations and a marked increase in the culling rate of sows recorded by the Department every week. IFA Pigs Chairman said, “it is only a price rise that will save many pig farmers from going out of business, and that’s where the IFA will focus on immediately. Time for talk is running short, and money is what is required now”.

Ireland’s percentage of the EU price has improved and is currently 90% of the EU average price as reported to the EU Commission for the week commencing 20/08/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending September 1st 2018 was 65,338 head which was 149 head more than the previous week and 1,529 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 64c/kg DW.

Weekly Slaughtering’s:  Week-ending 01/09/2018 Pigs: 65,338 Sows: 2,158

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 20/08/18

Irish price                                            €1.37kg

EU–27 average price                         €1.52kg

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

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