Pig and Pigmeat Market Report.

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Pig and Pigmeat Market Report.
13 Mar 2019

Pig and Pigmeat Market Report.

Pigs

Positive news last Friday morning from all pig processors with the announcement of an official 4c/kg price rise for this week’s pigs. This has risen most suppliers above €1.40c/kg, with Rosderra and Kepak quoting €1.42c/kg and both Dawn Pork & Bacon and Staunton’s in West Cork at 4c/k above these quotes. Karro in Cookstown also lifted the prices paid to ROI pig suppliers by 4c/kg. This rise has been long anticipated by farmers and IFA Pig Chairman Tom Hogan welcomed the price increase. “Irish pig farmers have suffered massive losses for over 14 months now and will continue to do so until the market returns a number of further price increases. The margin over feed that the sector has operated at for months now is completely unsustainable. This is the first step in the road to recovery for Irelands third largest agricultual sector”.

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 25/2/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending March 9th 2019 was 67,841 head which was 831 head less than the previous week and 5,129 less than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.46/kg in Staunton’s and Dawn Pork & Bacon, >/= €1.42/kg in Rosderra and Kepak.

Sows 50c/kg DW.

Weekly Slaughtering’s:  Week-ending 9/3/2019 Pigs: 65,940 Sows: 1,901

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 25/2/19

Irish price                                            €1.38kg

EU–27 average price                         €1.37kg

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

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