Pig and Pigmeat Market Report

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Pig and Pigmeat Market Report
18 May 2016

Pig and Pigmeat Market Report

Pigs

IFA National Pigs Committee Chairman said farmers were disappointed that prices remained static last week and are expecting a much needed increase this coming Friday. The EU market continued to strengthen this week with Germany adding another 4c, while Denmark increased 3c and Spain 6c. Sow price also increased on the continent with Germany +5c. Tightening supplies and decreased carcass weights are putting upward pressure on the market and this must result in a price rise for farmers this Friday.

Ireland is currently 105% of the EU average price as reported to the EU Commission (wk beginning 2/5/2016).

Factory pig throughput in Republic of Ireland export plants for the week ending May 7th 2016 was 51,659 head which was 11,973 head less than the previous week and 9,388 more than in the corresponding week in 2015.   Slaughtering’s in ROI export plants is 6% ahead of the same period in 2015.  

Export Plants:  Top prices on a flat rate basis </= 144/kg cent/kg in Dawn and </=143 cent/kg in Rosderra Meats, Karro Northern Ireland ~144c/kg.

Pork Slaughters: The price range is </=144 cent/kg.

Sows 50 – 55c/kg DW.

Weekly Slaughtering’s:  Week-ending 7/5/2016 Pigs: 51,659 Sows: 1,371

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 2/5/16

Irish price                                            €1.37kg

EU–27 average price                          €1.31kg

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

Pig prices reported to IFA week-commencing 16/05/16

Rosderra        </= €1.43/kg

Dawn              </= €1.44/kg

Staunton’s      </= €1.44/kg

Kepak             </= €1.42/kg

Karro             </= €1.44/kg

(All prices dependent on grading of pigs)

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