Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
21 Aug 2019

Pig and Pigmeat Market Report

Pigs

Irish pig producers were left disappointed last Friday with another week when Irish pork processors decided not to follow the European market trends. The Irish pig price remains at €1.76c/kg for another week, while the European pig exporting nations of Germany, Holland and Denmark drive on and prices have hit €1.90c/kg. The situation in Ireland, which is also very much influenced by the EU markets and should follow the European price upwards, has lagged behind for three weeks now.    Similar to previous weeks, there is pigs moving at above quoted prices but IFA Pigs Chairman Tom Hogan called on the processing sector to officially increase the price and return at least 4c/kg to all farmers this Friday. A 10c/kg increase is required in the short term, just to bring the Irish pig price in line with our European counterparts.

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 5/8/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending Aug 18th 2019 was 63,892 head which was 6,697 more than the previous week and 3,843 less than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.76-€1.78/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.

Sows €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 18/8/2019 Pigs: 61,872 Sows: 2,020

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 5/8/19

Irish price                                            €1.73kg

EU–27 average price                         €1.77kg

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

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