Irish pig prices fell by another 4c/kg on Friday last following the drop the previous week of 4c/kg too. Producers receiving between €1.78 and €1.82 per kilogram in the Republic. There has been a significant drop in pig prices in recent months, and this is adding further strain to already tight farm margins and farmers are becoming more frustrated with this as domestic market performance is good albeit that EU prices have fallen further.
The average price for grade E pig carcasses in week 46 was €1.72/kg (excluding VAT), which is the same as the previous week however when compared to the previous month prices are -1.5% lower and sit -10% below the same period last year.
The weekly throughput reported by the department of agriculture food and the marine for week ending the 23rd of Nov was 71,739 of which 1,997 were sows.
According to AHDB, global wheat markets saw a small rebound. Chicago May-26 wheat futures rose 0.8% and Paris May-26 futures edged up 0.1% after several days of losses. The lift came from stronger-than-expected U.S. export sales and some pre-Thanksgiving position-squaring. Even so, AHDB notes that abundant global supplies and intense export competition are still holding prices in check.
