Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
28 Aug 2019

Pig and Pigmeat Market Report

Pigs

A positive week for pig farmers with announcements from all factories last Friday of a 4c/kg increase in this week’s pig price. This leaves the majority of suppliers receiving at least €1.80c/kg for their pigs, which when you look at the trends across other European pig exporting countries in recent weeks, is the minimum Irish pig farmers should be receiving. Supplies remain tight and spot loads of pigs have been offered 4c/kg over quotes. Looking ahead, all market analysts predict that demand will increase in the coming weeks and IFA Pigs Chairman Tom Hogan said, that with this demand, Irish processors must return the maximum price possible to their suppliers. We cannot afford to be left behind the leading prices being achieved across Europe. Pig farmers have suffered a terrible period of below cost production with most farmers only now starting to see any recovery in cash flow.

Ireland’s percentage of the EU price has improved and is currently 95% of the EU average price as reported to the EU Commission for the week commencing 12/8/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending Aug 25th 2019 was 66,669 head which was 2,777 more than the previous week.

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 25/8/2019 Pigs: 64,956 Sows: 1,713

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 12/8/19

Irish price                                            €1.71kg

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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