Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
21 Nov 2018

Pig and Pigmeat Market Report

Pigs

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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