There was no change in Irish pig prices last Friday with producers reporting an average price of circa €2.28/kg for pigs sold in ROI. Some farmers, however, are securing up to 4c/kg above this average thanks to robust market conditions. Demand remains strong for pigs born and reared in Ireland, a trend expected to continue into July. Across Europe, the average price for grade E carcasses in week 25 stood at 213.2c/kg (excluding VAT), unchanged from the previous week. This represents a 1.6% rise compared to last month, although prices remain 3.4% lower than the same period last year. The weekly throughput, as reported by DAFM, for week ending June 29th was 65,636 of which 1,606 were sows
Wheat prices in Europe continue to fall due to strong harvest prospects in the Northern Hemisphere and currency pressures from a stronger euro. Winter barley yields in France remain good, pushing prices down. Wheat harvest has just started, and upcoming results will show the impact of recent heatwaves. Meanwhile, maize prices are holding firm around €200/t for November contracts despite heat and drought concerns across Europe.
