Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
11 Sep 2019

Pig and Pigmeat Market Report

Pigs

No change in factory quotes for pigs again this week. Farmers report prices in the general range of €1.80c/kg up to €1.82c/kg, with the upper end becoming more common. The third quarter of the year normally sees an increase in production across Europe and a depression in the market but it seems that demand from China is going to dominate the market for the foreseeable future. Pig prices in China have increased dramatically in recent weeks, hitting over €5/kg. Pork stocks that were built up by early culling in advance of spreading ASF throughout China have now depleted and the market must pay for the shortfall on the prevailing market. The most worrying issue for Irish farmers today remains the threat of ASF being introduced into Ireland and Tom Hogan, IFA Pig Chairman again called on the Department of Agriculture to increase checks of any imported pork into the country.

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 26/8/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending Sept 7th 2019 was 66,070 head which was 1,516 less than the previous week and 1,449 less than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.80-€1.82/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.

Sows €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 7/9/2019 Pigs: 64,364 Sows: 1,706

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 26/8/19

Irish price                                            €1.74kg

EU–27 average price                         €1.81kg

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

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