Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
24 Mar 2020

Pig and Pigmeat Market Report

Pigs

A week of turmoil for all agricultural sectors, but the pig sector had a serious disease scare, combined with the continued negative impact of Covid-19.  Downward pressure continued on pigmeat markets, with the closedown of the foodservice sector.  All main pig factories dropped the price by another 4c/kg leaving this week’s quotes from a low price of €1.84/kg in Rosderra and Kepak with up to €1.88/kg still being given to suppliers of Dawn Pork & Bacon. This downward price pressure has seen similar trends across the EU, but the strong retail demand is expected to stabilise the markets and the pig price. IFA Pig Chairman, Tom Hogan said that this strong demand from retailers will ensure that the pig price doesn’t fall any further. The importance of keeping the sector operating is vital, and IFA will continue to liaise with the DAFM and processors to ensure this happens.

Ireland’s percentage of the EU price has improved and is currently 96% of the EU average price as reported to the EU Commission for the week commencing 9/3/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending March 21st 2020 was 59,308 head which was 12,300 less than the previous week and 9,730 less than in the corresponding week in 2019.

Export Plants:  Top prices on a flat rate basis </= €1.84/kg in Rosderra and Kepak,</= €1.84-€1.86/kg in Staunton’s and </= €1.88/kg in Dawn Pork & Bacon.

Sows €1.10/kg DW.

Weekly Slaughtering’s:  Week-ending 21/3/20 Pigs: 57,856 Sows: 1,452

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 9/3/20

Irish price                                            €1.86kg

EU–27 average price                         €1.94kg

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

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