Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
25 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 the high demand from China still dominates the market and the prospects for the future remain positive. Pig prices in China have also remained very high, hitting record prices in recent weeks. Commenting on the current trade, IFA pigs Chairman, Tom Hogan said that Irish pig farmers are being left short between 4c and 8c/kg every week since April of this year, and Irish pig prices have lagged behind the price of other EU exporting members states. Comparing Irish pig prices with Germany, Denmark and Spain, it is clear that there is significant scope for a price increase straight away.

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 21st 2019 was 64,433 head which was 1,606 less than the previous week and 2,604 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 21/9/2019 Pigs: 62,743 Sows: 1,690

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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