Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
13 Nov 2019

Pig and Pigmeat Market Report

Pigs

Demand from processors has led to a 4c/kg rise in the pig price. This leaves the price farmers are quoted this week ranging from €1.94c/kg up to a common price of €1.96c/kg.  The trend and outlook for pig price remains positive with processors and exporters struggling to meet the demand for product from buyers. With today’s pig price, IFA pig Chairman said the financial opportunity remains for some secondary processors to import cheaper pork product in place of Irish pigmeat.  Hogan said the IFA is committed to ensuring maximum use of Irish pigmeat and is continuing with its DNA testing programme. This ensures pork and bacon products labelled as Irish are what they’re supposed to be.  

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 28/10/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending November 9th 2019 was 68,604 head which was 12,562 more than the previous week and 1,427 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.94-€1.96/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.

Sows €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 9/11/19 Pigs: 68,604 Sows: 2,017

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 28/10/19

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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