Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
19 Feb 2020

Pig and Pigmeat Market Report

Pigs

Pig prices remain stable with no change in quotes from pig processors again this week. The Irish price remains above the EU average which is €1.84/kg but is showing positive signs of increasing in recent weeks. The announcement of ASF outbreak in Greece last week, is a reminder of the consent threat that ASF holds over the entire pig production sector.  Greece joins the list of 9 EU countries that have ASF. This latest outbreak shows that ASF is far from being controlled in the EU, and the highest levels of precautions are needed at Ireland ports and airports if Ireland is to remain ASF free.  Th ASF situation in Asia remains uncontrolled, with a new outbreak in Bali last week. The deficit in pigmeat is forecasted to continue to grow with record low production in China in 2020. The EU remains in prime place to capitalise on export opportunities and the prospect for Irish pig price remains very positive.

Ireland’s percentage of the EU price has improved and is currently 104% of the EU average price as reported to the EU Commission for the week commencing 3/2/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending February 15th 2020 was 67,194 head which was 844 less than the previous week and 1,746 less than in the corresponding week in 2019.

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 15/2/20 Pigs: 65,387 Sows: 1,807

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 3/2/20

Irish price                                            €1.91kg

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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