Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
08 Apr 2020

Pig and Pigmeat Market Report

Pigs

All indications from the domestic, British and European pigmeat markets signposted that the market was at the very least, stable in terms of pig price. Many respected analysts predicting a positive short-term outlook, on the back of increased retailer pork demand due to the Coronavirus. In spite of these market indications, both Rosderra and Kepak cut their suppliers another 4c/kg. This leaves a wide spread in what pig farmers are receiving today, from a low quote of €1.78-€1.80/kg in both of the previously mentioned factories, to higher quotes of between €1.86 and €1.88/kg in Staunton’s and Dawn Pork & Bacon. IFA Pig Chairman, Tom Hogan said he was both surprised and disappointed by these latest price cuts, and he conveyed these sentiments to both Rosderra and Kepak. In these unprecedented emergency times, he called on all pig processors to halt the price cuts and return badly needed market stability.

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 23/3/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending April 5th 2020 was 69,424 head which was 2,246 less than the previous week and 3,934 more than in the corresponding week in 2019.

Export Plants: Top prices on a flat rate basis </= €1.78/kg-€1.80/kg in Rosderra and Kepak,</= €1.86-€1.88/kg in Staunton’s and in Dawn Pork & Bacon.

Sows: €1.10/kg DW.

Weekly Slaughtering’s: Week-ending 5/4/20 Pigs: 67,769 Sows: 1,655

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 23/3/20

Irish price €1.85kg
EU–27 average price €1.86kg

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

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