There was an increase of 4c/kg in Irish pig prices on Friday last, with producers reporting quotes ranging from €2.10 – €2.14 available from processors in ROI – signalling that there is a good demand for pigs.
The EU average price for week 9 for grade E carcass was 182.1/kg excluding vat. This represents a –0.5% increase in last week’s average prices and is -14% behind prices for the same month last year. Pig prices are steadily rising across Europe, with an upward trend expected to continue in the EU market in the coming weeks.
The throughput for week ending the 9th of March was 64,342, of which 1,929 were sows.
Grain prices remain under pressure due to a stronger Euro and global trade tensions. French wheat is pushing for exports, while rapeseed declines with Canadian canola.
The USDA reports rising global wheat stocks (260.1 Mt), while corn (288.9 Mt) and soybeans (121.4 Mt) saw slight declines. U.S. wheat stocks increased, weighing on prices, while corn and soybean estimates remained unchanged.
