Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
22 Apr 2020

Pig and Pigmeat Market Report

Pigs

At last, a week with no downward movement on pig price. Rosderra and Kepak are quoted from as low as €1.78/kg but most suppliers are receiving €1.80/kg with an additional 2c/kg also reported. Dawn Pork & Bacon and Staunton’s were not as quick to reduce their pig price in recent weeks, and are now paying from €1.82-€1.84/kg to their regular suppliers. Cookstown in Northern Ireland has been reported to be more active this week for ROI pigs. It was noticeable that the numbers of pigs that were exported directly to Northern Ireland for slaughter had dropped in recent weeks, placing extra pressure on the Irish processing sector.  Across Europe, the pig price has stabilised and there are positive signs that trade to the valuable Asian markets, including China are beginning to open up again. IFA Pig Chairman, Tom Hogan said that all processors must admit the market had reached the bottom and that price recovery must be on the agenda.

Ireland’s percentage of the EU price has improved and is currently 101% of the EU average price as reported to the EU Commission for the week commencing 13/4/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending April 19th 2020 was 58,380 head which was 11,910 less than the previous week and 8,522 less 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,</= €1.82-€1.84/kg in Staunton’s and in Dawn Pork & Bacon.

Sows €.95c/kg to €1.05/kg DW.

Weekly Slaughtering’s:  Week-ending 19/4/20 Pigs: 56,832 Sows: 1,548

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 13/4/20

Irish price                                            €1.85kg

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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