Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
10 Oct 2019

Pig and Pigmeat Market Report

Pigs

No change in the pig market in the last 7 days, reports to the IFA indicate that pig farmers are being quoted €1.84-€1.86c/kg by the main pig processors this week.  Spot loads and some of the more domestic focussed factories are paying higher than this again. The national pig kill remains very constant at 65,722 last week. ASF continues to dominate the pigmeat market headlines, with Rabobank predicting that China, the producer of 50% of the worlds pigmeat, will be down 50% in production in 2019. That’s a 25% reduction in the overall production in the world! Putting this into perspective, just 2% of the worlds pigmeat is normally traded between nations. It all points towards continued export demand from China and other effected countries in South East Asia, and steadily rising pig prices.   

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 30/9/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending October 5th 2019 was 65,722 head which was 610 more than the previous week and 1,023 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 5/10/19 Pigs: 64,272 Sows: 1,450

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 30/9/19

Irish price                                            €1.75kg

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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