Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
12 Jun 2019

Pig and Pigmeat Market Report

Pigs

The national pig kill was reduced down to 55,457 last week, due to the short working week caused by the June bank holiday and the tight supply of finished pigs coming on stream. The pig market remains strong with many pig farmers receiving increases of 2-4c/kg for this week’s pigs, depending on which factory they supply. Reports to the IFA indicate that the average price received this week is €1.78/kg with a high price of €1.82/kg reported. All reports from the Chinese market indicate that demand for imported pigmeat will increase and this demand is set to remain long term. It is worth noting that Irish pig farmers have only experienced two months of steadily increasing pig prices, from a disastrous low-cost price of €1.40/kg, which the Irish pig sector had endured for the previous 18 months. It will take many months to repay the heavy losses pig farmers experienced.

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 27/5/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending June 8th 2019 was 55,457 head which was 10,623 head less than the previous week and 1770 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.76-€1.80/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.

Sows 0.95c-€1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 8/6/2019 Pigs: 54,000 Sows: 1,457

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

Irish price                                            €1.67kg

EU–27 average price                         €1.75kg

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

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