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. There are pig farmers reporting up to 4c/kg above the average, with growing demand for ROI born and reared pigs.
The EU average price for week 22 for grade E carcass was 212c/kg excluding vat. This is 1% higher than the previous week and is representative of an 3.3% increase on last month’s prices but is -4% behind prices for the same month last year.
Wheat on Euronext is back near €200/t, with strong competition and a firm euro limiting gains. Corn and soybeans in the U.S. are in good shape, keeping prices under pressure. Soybean planting is ahead of schedule.
Rapeseed neared €490/t again, supported by lower crop outlooks in Ukraine. Weather is stable for now, but worth watching. Trade tensions may add some uncertainty.
The weekly throughput for week ending the 8th of June was 54,141 of which 1,294 were sows.
