14 Nov 2018
Pig and Pigmeat Market ReportPigs
Extreme disappointment last Friday for suppliers of Irelands largest pig processor, Rosderra, with a 4c/kg cut for this week’s pigs, leaving Rosderra suppliers receiving 1.38c/kg. No change in quotes from Dawn Pork & Bacon, Staunton’s or Kepak, but the 7000 Republic of Ireland pigs which head North to Karro’s pig factory in Cookstown every week, also took a 4c/kg cut. This latest blow has left many in total despair, as feed bills and credit were already stretched to overcapacity, with the hope that the pig price would recover to some degree of normality, or to be more correct, the margin over feed cost would start to head towards a level where pig production in Ireland looked to have some future. Sluggish meat markets, pork in particular are blamed for this last price drop, but it has left an industry struggling to survive, in a deeper crisis.
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 29/10/2018.
Factory pig throughput in Republic of Ireland export plants for the week ending November 10th 2018 was 67,177 head which was 13,898 head more than the previous week and 13,233 more than in the corresponding week in 2017.
Export Plants: Top prices on a flat rate basis </= €1.42c/kg in Kepak, Staunton’s, Dawn Pork and Bacon and Cookstown, >/= €1.38/kg in Rosderra.
Sows: 55c/kg DW.
Weekly Slaughtering’s: Week-ending 10/11/2018 Pigs: 67,177 Sows: 1,698
EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 29/10/18
Irish price €1.40kg
EU–27 average price €1.36kg
(Grade E pigs – 55% to 60% lean meat excluding VAT but including transport and bonuses).