16 Oct 2019
Pig and Pigmeat Market ReportPigs
While the main pig processors have left official quotes stagnant this week at €1.84-€1.86c/kg, there is a noticeable improvement in the appetite from factory procurement managers and agents to compete for pigs this week. This has led to deals being done above quotes, with the further north you travel, the higher the price. Plenty of farmers report an increase of 2c/kg for this week’s pigs. While the main European markets remain pretty stable, IFA Pigs Chairman, Tom Hogan called on all processors to give an official 4c/kg pig price increase this Friday and pay all farmers at least €1.90c/kg. He said that the Chinese market is returning some spectacular prices and this has to be returned to the farmer.
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 12th 2019 was 67,509 head which was 1,787 more than the previous week and 764 more than in the corresponding week in 2018.
Export Plants: Top prices on a flat rate basis </= €1.84-€1.86/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.
Sows: €1.00/kg DW.
Weekly Slaughtering’s: Week-ending 12/10/19 Pigs: 65,569 Sows: 1,940
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).