Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
27 Nov 2019

Pig and Pigmeat Market Report

Pigs

Pig factories are holding firm on quotes, with €2/kg remaining elusive to most pig farmers. Quotes range from a low of €1.94/kg but most farmers report receiving between €1.96-€1.98/kg. IFA Pigs Chairman Tom Hogan said pig prices have taken a significant increase on European markets and that returns for processors have never been as good. Regarding the outlook for pig production, the story remains all about China and the massive pork deficit that is going to influence pigmeat across the world into 2020 and beyond. This deficit is being caused by African Swine Fever (ASF) in China and neighbouring Asian countries. Hogan called on increased awareness and vigilance, especially at Ireland airports. ASF positives continue to be reported in wild boar across eastern Europe. Worryingly a case of ASF in wild boar was reported in Poland last week within 100km of the German border.

Ireland’s percentage of the EU price has improved and is currently 99% of the EU average price as reported to the EU Commission for the week commencing 11/11/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending November 23rd 2019 was 71,294 head which was 3,046 more than the previous week and 126 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.94/kg in Staunton’s, </= €1.96/kg in Dawn Pork & Bacon, Rosderra and Kepak and </= €1.98/kg in Karro. 

Sows €1.20/kg DW.

Weekly Slaughtering’s:  Week-ending 23/11/19 Pigs: 69,339 Sows: 1,958

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 11/11/19

Irish price                                            €1.83kg

EU–27 average price                         €1.84kg

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

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