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. There is strong demand for pigs born and reared in Ireland which is set to remain into July. The EU average price for week 24 for grade E carcass was 212.9c/kg excluding vat. This is the same as the previous week but is representative of an 2.4% increase on last month’s prices and is -3.4% behind prices for the same month last year.
The weekly throughput for week ending the 22nd of June was 64,913 of which 2,142 were sows. Total pig throughput is running at 3% higher year to date, or 55,745 head more than the corresponding period in 2024. There has been an increase of 32% in the number of live pigs exported to Northern Ireland year to date too.
Tensions eased slightly in the Middle East after a truce announcement between Israel and Iran, leading to Oil prices falling sharply to $64/barrel, stronger euro, & grain prices dropping due to global competition and cheaper oil.
