Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
23 May 2019

Pig and Pigmeat Market Report

Pigs

The national kill returned to more normal level of 67,900 last week following a number of short working weeks. Pig price movement remains positive and it is definitely a sellers’ market. A number of suppliers have received increases of 2c-4c/kg for this week’s pigs, and as often happens when prices move there is a wide spread of prices becoming apparent across the country. While the majority of pigs seem to be moving at prices around €1.74/kg this week, there is definitely more been given for pigs, and the target of €1.80/kg is within reach for Irish pigs.  Regarding the coming months, IFA pigs Chair Tom Hogan said that all industry experts and analysts are predicting strong demand on international markets for pigmeat and the full extent of the ASF crisis in China is expected to drive European pig prices further in the coming months.

Ireland’s percentage of the EU price has improved and is currently 96% of the EU average price as reported to the EU Commission for the week commencing 13/5/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending May 18th 2019 was 67,908 head which was 12,986 head more than the previous week and 770 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.70-€1.74/kg in Staunton’s and Dawn Pork & Bacon, >/= €1.72/kg-€1.76/kg in Rosderra and Kepak. 

Sows 0.90-0.95c/kg DW.

Weekly Slaughtering’s:  Week-ending 18/5/2019 Pigs: 65,929 Sows: 1,979

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 13/5/19

Irish price                                            €1.67kg

EU–27 average price                         €1.73kg

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

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