Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
06 May 2020

Pig and Pigmeat Market Report

Pigs

More price adjustment as both Dawn and Staunton’s reduced their suppliers pig price by 4c/kg, following the lead of Rosderra and Kepak a week earlier.  From a high price of €1.96- €1.98/kg pre Covid-19 to today’s prices that are 20c/kg below this level, it is true to say that the pig sector has taken a huge financial hit due to the global pandemic. Pig farmers were gearing up to a projected pig price above €2/kg on average for 2020 and a much-needed opportunity to replenish depleted cash reserves and carry out essential maintenance that had gone undone due to poor returns for many years.  The news that emerged last week, concerning meat factory workers contracting the Covid-19 virus is worrying on many levels. The health of Ireland’s essential meat factory workers is paramount and also the need to continue processing animals in an orderly fashion to avoid backlogs on the production chain. Any delays in getting pigs to factory have eased in recent days.

Ireland’s percentage of the EU price has improved and is currently 103% of the EU average price as reported to the EU Commission for the week commencing 20/4/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending May 3rd 2020 was 63,560 head which was 1,870 less than the previous week and 1,977 less than in the corresponding week in 2019.

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

 Sows €.85c/kg to €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 3/5/20 Pigs: 61,716 Sows: 1,844

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

Irish price                                            €1.85kg

EU–27 average price                         €1.79kg

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

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