Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
06 Feb 2019

Pig and Pigmeat Market Report

Pigs

No change from Irish processors with Irish pig farmers receiving €1.38-€1.42/kg. Demand from factories is meeting supply with no issues getting an extra load of pigs away this week. Last weeks kill remained high with just over 70 thousand throughput. The low and stagnant pig price which has pertained for the past 12 months has had a devastating effect on the financial stability of Irish pig farmers. Some have had no choice but to cease serving sows and wind up production, with others putting their units on the market for sale. Looking forward in the coming weeks, no one would argue that a major lift in prices is required for the sector to continue. The ongoing ASF outbreaks in China and loss of over 1 million pigs from their domestic herd, is hoped to give rise to an increase in demand, with Ireland in a good position to benefit from this anticipated trade shift. 

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 21/1/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending February 2nd 2019 was 70,070 head which was 2,544 head less than the previous week and 4,208 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 2/2/2019 Pigs: 67,855 Sows: 2,215

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 21/1/19

Irish price                                            €1.37kg

EU–27 average price                         €1.34kg

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

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