Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
23 Oct 2019

Pig and Pigmeat Market Report

Pigs

No official change in quotes last week but a noticeable increase in buying activity, has resulted in plenty of unofficial price increases.  This trend is more evident in the northern part of the country and across the border in Northern Ireland.  Reports to IFA has said that factories in these regions are willing to pay 188c/kg – 190c/kg in order to secure extra pigs.  IFA Pigs Chairman Tom Hogan said that the pig factories had resisted increasing prices paid to all farmers but he called on them to officially increase the pig price by 4c/kg this Friday. The pig kill last week was 66,965.    

Ireland’s percentage of the EU price has improved and is currently 97% of the EU average price as reported to the EU Commission for the week commencing 7/10/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending October 19th 2019 was 66,965 head which was 544 less than the previous week and 115 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 19/10/19 Pigs: 65,256 Sows: 1,709

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 07/10/19

Irish price                                            €1.78kg

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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