Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
05 Nov 2019

Pig and Pigmeat Market Report

Pigs

Demand for pigs from all processors remains very strong and this has resulted in a 4c/kg price increase for this week’s supply. This leaves the price farmers are quoted this week range from €1.90c/kg up to a common price of €1.92c/kg. The trend and outlook for pig price remains positive with processors and exporters struggling to meet the demand for product from buyers. The Chinese import demand due to the devasting effect that ASF has had on pig production in that part of the world, is underpinning the market. This supply shortage and increased import demand from China and neighbouring ASF affected countries will remain a major factor on the Irish and European pigmeat market for the foreseeable future.  Tom Hogan, IFA Pig Chairman, called on the DAFM and all competent authorities to increase controls against ASF spread across pig producing countries, including our own island.  

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 21/10/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending November 2nd 2019 was 56,042 head which was 8,158 less than the previous week and 1,039 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.90-€1.92/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 21/10/19

Irish price                                            €1.79kg

EU–27 average price                         €1.83kg

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

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