Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
06 Mar 2019

Pig and Pigmeat Market Report

Pigs

While the four main export plants held their quotes ranging from 138c/kg to 142c/kg to pig farmers last Friday, there was increased prices reported being paid to many pig farmers for this week’s pigs.  Farmers at the lower end of these quotes have been reported to receive increases of between 2c-4c/kg.  Despite this, there was no official price rise, but all signs point to the illusive and much warranted price increase being implemented sooner rather than later.  Brexit is having a major negative impact on all meat markets with the continued uncertainty around the destination of 50% of Ireland’s pigmeat exports.  

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 18/2/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending March 2nd 2019 was 68,672 head which was 270 head less than the previous week and 69 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 2/3/2019 Pigs: 66,931 Sows: 1,889

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 18/2/19

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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