Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
26 Jun 2019

Pig and Pigmeat Market Report

Pigs

The supply of factory ready pigs remains in tight supply as indicated by the reduced weekly kill of 63,500 last week. Pig factories appear to have circled the wagons and held prices for the past two weeks, and the upward trajectory of Irish pig prices has temporarily stalled. This is in line with the EU Commission pig market outlook which predicted that the EU pig price would increase to today’s current price and level off for a period in mid-summer. It is worth noting that the same outlook report predicts that the real impact of ASF and the loss of domestic production in China will cause demand for European pork to increase in the third quarter of 2019. Farmers continue to receive in the region of €1.78c/kg for pigs this week, with most farmers finding it difficult to break the €1.80c/kg barrier.

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 10/6/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending June 22nd 2019 was 63,515 head which was 2,683 head less than the previous week and 1,173 less 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 22/6/2019 Pigs: 61,791 Sows: 1,724

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 106/19

Irish price                                            €1.74kg

EU–27 average price                         €1.80kg

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

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