24 Apr 2019
Pig and Pigmeat Market ReportPigs
Pig prices continue to follow the upward European trend with all processors increasing their quotes for this week’s pigs. While most processors announced their increased quotes of 4c/kg last Friday, Rosderra, the country’s largest processor waited until after the long weekend and returned a 6c/kg increase to their suppliers. This leaves pig farmers receiving a price of €1.60-€1.62/kg. IFA Pigs Chairman said that there is extreme competition for pigs and prices will continue to rise over the coming weeks and months. He said that while most pig farmers were receiving the price quoted above, there were reports that some processors were attempting to buy pigs at lower than €1.60/kg and he said this has to stop. He called on all processors to continue to pass increased returns received from the improving market place on, to much needed pig price increases.
Ireland’s percentage of the EU price has improved and is currently 89% of the EU average price as reported to the EU Commission for the week commencing 8/4/2019.
Factory pig throughput in Republic of Ireland export plants for the week ending April 20th 2019 was 66,902 head which was 3,582 head less than the previous week and 876 less than in the corresponding week in 2018.
Export Plants: Top prices on a flat rate basis </= €1.62/kg in Staunton’s and Dawn Pork & Bacon, >/= €1.60/kg-€1.62/kg in Rosderra and Kepak.
Sows: 0.85-0.92c/kg DW.
Weekly Slaughtering’s: Week-ending 20/4//2019 Pigs: 65,021 Sows: 1,881
EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 8/4/19
Irish price €1.48kg
EU–27 average price €1.66kg
(Grade E pigs – 55% to 60% lean meat excluding VAT but including transport and bonuses).