Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
03 Jun 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.  All pig farmers have now taken a least a 32cent per kilo price reduction since the onset of Covid-19 in early March. This represents a cut of €26 per fat pig, which is an unsustainable cut.   On the positive side, markets have shown stability over the past two weeks, with EU markets appearing to have reached the bottom of the market at €1.65c/kg with signs of price improvement beginning to emerge across many EU markets. IFA Pigs Chairman Tom Hogan said that he had contacted all pig processors and reported that he sent the message in very strong that the cuts have to stop. Pig farmers have taken enough pain and there is no justification for any further cuts.  

Ireland’s percentage of the EU price has improved and is currently 105% of the EU average price as reported to the EU Commission for the week commencing 18/5/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending May 31st  2020 was 67,382 head which was 3,881 more than the previous week and 1,302 more than in the corresponding week in 2019.

Export Plants:  Top prices on a flat rate basis </= €1.62/kg-€1.66/kg in Rosderra and Kepak, </= €1.64/kg-€1.66/kg in Staunton’s and Dawn Pork & Bacon.

Sows €.75c/kg to €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 31/5/20 Pigs: 65,773 Sows: 1,609

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 18/5/20

Irish price                                            €1.68kg

EU–27 average price                         €1.60kg

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

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