Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
29 Apr 2020

Pig and Pigmeat Market Report

Pigs

More downward price pressure last week as Rosderra and Kepak followed the European market trend and dropped pig price by 4c/kg. While it had seemed that some degree of stability had come into the pigmeat market in recent weeks, last week the German pig market dropped price by 9c/kg, and like the two aforementioned Irish factories, most European export countries followed this descending price trend. Irish suppliers to Rosderra and Kepak are receiving from a low quote of €1.76/kg up to €1.80/kg, with a gap emerging once again to suppliers to Dawn Pork & Bacon and Staunton’s. Farmers suppling pigs to both these outfits are on the same price for the past two weeks at €1.82/kg up to €1.86/kg.  Commenting on this latest price drop, IFA Pigs Chairman Tom Hogan said that the pig market had decreased by 20c/kg in total and was the sector greatest affected by Covid-19 in Ireland in terms of price reduction. He called on all processors to stop the price cuts and return stability to the sector.

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 26th 2020 was 65,430 head which was 7,050 more than the previous week and 12,590 more than in the corresponding week in 2019.

Export Plants:  Top prices on a flat rate basis </= €1.76/kg-€1.80/kg in Rosderra and Kepak,</= €1.80-€1.84/kg in Staunton’s and ,</= €1.82-€1.86/kg in Dawn Pork & Bacon.

Sows €.85c/kg to €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 26/4/20 Pigs: 63,534 Sows: 1,896

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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