Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
04 Dec 2019

Pig and Pigmeat Market Report

Pigs

There was no change in quotes from processors last Friday for this week’s pigs, with Rosderra, Dawn Pork & Bacon, Staunton’s and Kepak all remaining on quotes of €1.94-€1.96/kg. Spot loads and some of the more home market focused factories have given up to €1.98/kg this week to secure pigs. The situation across continental Europe has improved over the past 2 weeks with a number of pig price increases putting the farmer price well above €2/kg. IFA Pig Chairman, Tom Hogan said that the factories here must respond with a price increase across the board. It is obvious that there is a good return being made with such demand for pigmeat from China and a good home market in the run up to Christmas. Regarding ASF, Hogan said that the IFA met the Department of Agriculture this week to highlight the need for increased vigilance at all ports and airports.

Ireland’s percentage of the EU price has improved and is currently 100% of the EU average price as reported to the EU Commission for the week commencing 18/11/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending November 30th 2019 was 70,228 head which was 1,066 less than the previous week and 288 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 30/11/19 Pigs: 68,688 Sows: 1,540

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 18/11/19

Irish price                                            €1.89kg

EU–27 average price                         €1.88kg

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

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