There was no change in Irish pig prices as of last Friday, with producers reporting a broad spread of prices across the Republic of Ireland. Those operating under the graded pricing system have reported slightly higher prices for certain pig weight categories, though the average price for pigs processed this week is reported to be between €1.68/kg and €1.72/kg. Pig farmers who are selling their pigs to the North are on higher prices than those quoted above and the same is the case for farmers selling pigs on the grading pricing structure in the South.
The average price for grade E pig carcasses in week 33 was €1.58 (excluding VAT), reporting a rise of 2.2% on last week’s average price. This represents a 5.4% increase in prices since last month, however, they still sit 21.9% behind the same period last year.
According to the latest Agritel report, crude oil prices have slightly declined in previous days due to small improvements in the situation in the Middle East.
Feed prices remain relatively stable this week, with indications from the black sea that little agricultural product will be available for export. There are some marginal decreases forecasted in cereals, while rapeseed shows a rebound in price after dropping over the last week.
