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 weekly throughput as reported by the department of Agriculture, Food and The Marine for the week ending the 30th of August was 70,718, of which 2,296 were sows.
The average price for grade E pig carcasses in week 34 was €1.61 (excluding VAT), reporting a rise of 1.6% on last week’s average price. This also represents a 7.6% increase in prices since last month, however, they still sit 20.1% behind the same period last year.
According to the latest Agritel report, with exports from the Black Sea still unable to be relied upon, international markets have shifted towards other sources. This, along with recent weather events creating some anxiousness around the planting of rapeseed and corn harvests, has led to a rise in cereal prices with wheat and corn seeing the best of these increases.
Oil has also seen an increase this week, with tensions in the Middle East remaining uncertain crude oil prices have risen to over $90/barrel.
