Irish pig prices remained unchanged last Friday, with producers receiving between €1.86 and €1.90 per kilogram in the Republic. This continued decline is adding further strain to already tight farm margins, leaving many producers concerned about the viability of their operations.
The average price for grade E pig carcasses in week 42 was €1.755/kg (excluding VAT), representing a decrease of 3.7% compared to the previous week. Prices are now 9.5% lower than last month and sit 12% below the same period last year.
The throughput reported by the Department of agriculture food and the marine for week ending the 26th of October was 68,277, of which 2,088 were sows.
According to the latest Agritel report, global grain and oilseed markets strengthened this week, supported by optimism around a potential trade agreement between the US and China. Chicago soybean prices rose above $10.90/Bu — their highest in over a year — lifting related markets such as Euronext wheat (€193/t) and rapeseed (€480/t). However, global supplies remain ample, with strong crop prospects in the Southern Hemisphere.
