Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
27 Feb 2019

Pig and Pigmeat Market Report

Pigs

It’s the same story once again with no change in quotes announced last Friday for this week’s pigs. Anticipation is rising among farmers that the main pig processors will lead the price up 4c/kg this Friday, based on similar increases in European countries and reports that export demand has picked up. After the Chinese New Year celebrations and holiday period, industry reports have indicated a marked increase in activity from buyers looking for pork, from both the EU and Ireland to head East. The much-anticipated increase in demand from China due to both devastating ASF in the pig producing regions, and an international trade dispute with the US, at long last, seems to be coming to reality, albeit at a slower pace than predicted. Last week’s national kill was 68,672, once again below the 70k mark, indicating that demand is starting to exceed supply after months of the reverse. 

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 11/2/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending February 23rd 2019 was 68,672 head which was 270 head less than the previous week and 2,803 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 23/2/2019 Pigs: 66,981 Sows: 1,691

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 11/2/19

Irish price                                            €1.37kg

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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