There was no change in Irish pig prices last Friday, with producers reporting an average price of circa €2.06 – 2.08/kg for pigs sold in ROI.
The average price for grade E carcasses in week 33 stood at 202.1c/kg (excluding VAT), practically the same as the previous week and is also -0.7% behind prices last month. This is also -2.3% lower than the same period last year.
The weekly throughput for week ending the 24th of August was 64,928 of which 1,717 were sows.
In Europe, grain prices got a small lift from a weaker euro, however, Russian wheat harvest is advancing with higher yields than last year, adding pressure. EU forecasts show soft wheat yields above average. Rapeseed and palm oil markets also remain weighed down by strong global supply. In the U.S. crop conditions look good, with corn and soybeans both rated strongly and record harvests expected above 400 Mt.. On the geopolitical side, markets are still watching Ukraine, with talk of possible progress in negotiations.
