There was a drop of 8c/kg in Irish pig prices on Friday last following producers reporting an average price of circa €1.94 /kg for pigs sold in ROI. Totalling 32c/kg drop in prices since July. IFA are holding a National pig farmer meeting on Monday the 29th of September to discuss.
The average price for grade E carcasses in week 37 stood at 198.8/kg (excluding VAT), which is -0.5% behind the previous week and is -1.6% behind prices last month. This is also -2.8% lower than the same period last year. The Grade E reported price for Ireland for week beginning the 8th of September was €1.95/kg (excl vat) which is -10.5% behind where the commission had reported for the same week last year.
On the feed market ingredient front, global competition is keeping a lid on any strong price recovery. Large harvests in Argentina and Australia, along with aggressive Black Sea exporters, mean European grains are under pressure on export markets. International buyers are taking advantage of softer prices. Algeria recently bought over 500,000t of wheat—but once again left out French origins—while Turkey has launched a tender for large volumes of barley. Meanwhile, China is focusing on boosting self-sufficiency, which could mean slower grain imports in the short term. In the US, soybean exports are struggling as China turns to Argentina for supplies, but corn demand is strong, with Mexico buying large volumes.
