10 Jul 2019
Pig and Pigmeat Market ReportPigs
There was little change to Irish pig prices for the past two weeks, with a cent here and there gained. More farmers are now receiving €1.80c/kg, and up to 4c/kg more is being paid by some processors, but €1.80c/kg is now the average Irish pig price. Demand from China, which has been the main driver of European pig prices over the past 3 months, is stable, and as predicted by the EU Commission trade report in April, it may be into quarter 3 of the year before demand for imports into China peaks. It is worth noting that the effect that ASF has had on the Chinese domestic pig market will be reciprocated in neighbouring Asian countries which have fallen to the epidemic after China. The outlook for EU pigmeat and pig prices remains positive, as long as European and Irish authorities succeed in containing the threat and spread of ASF.
Ireland’s percentage of the EU price has improved and is currently 98% of the EU average price as reported to the EU Commission for the week commencing 24/6/2019.
Factory pig throughput in Republic of Ireland export plants for the week ending July 6th 2019 was 64,084 head which was 2,587 head less than the previous week and 829 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: €1.00-€1.05/kg DW.
Weekly Slaughtering’s: Week-ending 6/7/2019 Pigs: 62,554 Sows: 1,530
EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 24/6/19
Irish price €1.74kg
EU–27 average price €1.78kg
(Grade E pigs – 55% to 60% lean meat excluding VAT but including transport and bonuses).