Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
12 Dec 2018

Pig and Pigmeat Market Report

Pigs

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).

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