Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
18 Sep 2019

Pig and Pigmeat Market Report

Pigs

No change in the general quotes for pigs again this week, leaving the majority of prices being paid running from €1.80c/kg to €1.82c/kg. Spot prices have been reported well above this, and processors who mainly supply the domestic market are willing to pay the best prices to secure sufficient numbers. Pigs processed across Europe are steady, but there is a realistic expectation that the price will move on this week, and Irish pig farmers can expect an increase to be announced this Friday. The demand from China is the dominant force that is driving the market and the massive increase in both demand and price for pigmeat in China is going to drive the price of all exporter’s pigs for the next few months. This upturn is badly needed as Irish pig farmers are only now starting to make inroads on debts built up in 2018.

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 9/9/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending Sept 14th 2019 was 66,039 head which was 31 less than the previous week and 1,016 more 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 14/9/2019 Pigs: 64,342 Sows: 1,697

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 9/9/19

Irish price                                            €1.74kg

EU–27 average price                         €1.82kg

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

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