Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
30 Jan 2019

Pig and Pigmeat Market Report

Pigs

At last some signs of positive movement on the European price, with the German price increasing by 4c/kg this week. The backlog of numbers cased across by the Christmas break and significant overhang of stocks of meat in storage, which has depressed the overall pigmeat market for a number of months, seems to at last have some signs of rectifying itself. There is no change this week with Irish pig farmers receiving €1.38-1.42c/kg. African Swine fever (ASF) continues to cause major disruption to production across the Asian market, with disturbing reports of huge numbers of pigs culled to the disease. In Europe, biosecurity measures have been heightened to prevent ASF entering into the commercial pig units in France Germany and Denmark.  Ireland needs to do likewise to ensure the island remains ASF free. 

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 14/1/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending January 26th 2019 was 72,614 head which was 2,569 head more than the previous week and 4,628 more than in the corresponding week in 2018.

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

Sows 50c/kg DW.

Weekly Slaughtering’s:  Week-ending 26/1/2019 Pigs: 70,203 Sows: 2,411

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 14/1/19

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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