Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
07 Aug 2019

Pig and Pigmeat Market Report

Pigs

While Irish pig factories are holding fast on official quotes of between €1.74c/kg and 1.76c/kg for this week, similar to the previous number of weeks, there is definitely a shift back to the sellers holding the balance of power. There has been a noticeable lift in pig prices across the EU in recent days, with the indicative German pig price increasing by 10c/kg over the past 10 days.  The number of available factory ready pigs are tight, not just in Ireland but across the EU.  IFA Pigs Chairman Tom Hogan said that all pig processors must return the 4c/kg price reduction taken off farmers in July. “If the Irish factories want to follow the EU markets, as they have done when the market slipped in recent weeks, they must also follow the market back up. Farmers should not be taking less than €1.80c/kg for their pigs with the current EU market and world demand for pork as is”.

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 22/07/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending Aug 4th 2019 was 67,836 head which was 1,658 more than in the corresponding week in 2018.

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

Sows €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 4/8/2019 Pigs: 65,981 Sows: 1,855

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 22/07/19

Irish price                                            €1.71kg

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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