Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
19 Jun 2019

Pig and Pigmeat Market Report

Pigs

The national pig kill returned to a normal 5 day working week, and the throughput was 68,018 last week. Total throughput for 2019 is 2% down in Ireland year to date, which is reflective of the EU as a whole. Coupled with the increased demand from export markets, this has driven pig prices to today’s levels. Farmers report prices of €1.78c/kg this week, with upward pressure on prices continuing. Deals have been reported up to €1.82c/kg for some pigs this week. Taking the first 24 weeks of the year, the price that pig farmers have received has averaged at just €1.50c/kg. This is only the breakeven figure that is required for a sustainable pig sector in Ireland. The current good pig price will need to be maintained for the long term in order for the sector to repay financial losses sustained over the previous 2 years.

Ireland’s percentage of the EU price has improved and is currently 97% of the EU average price as reported to the EU Commission for the week commencing 3/6/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending June 15th 2019 was 66,198 head which was 10,741 head more than the previous week and 1510 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.78-€1.82/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak. 

Sows 0.95c-€1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 15/6/2019 Pigs: 66,224 Sows: 1,794

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 3/6/19

Irish price                                            €1.71kg

EU–27 average price                         €1.76kg

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

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