There was no official announced change in Irish pig prices last Friday. However, some producers have reportedly secured an additional 2c/kg, while others are actively seeking similar increases bringing the average price reported by producers to €2.22/kg.
That said, higher prices, up to 6 and 7c/kg above this average, are reportedly being offered by some processors across the Republic and Northern Ireland indicating strong demand in the market.
The EU average price for week 16 for grade E carcass was 200.8c/kg excluding vat. This is the same as the average price the previous week, but is representative of an 8.8% increase on last month’s prices and is -8% behind prices for the same month last year.
The weekly throughput figures for week ending the April 27th was 54,846 of which 1,770 were sows.
Wheat prices have fallen this week. This drop has been driven by improving weather conditions in key US winter wheat regions, where rain has boosted crop health. 49% of the crop is now rated good or excellent, up from 45% last week. Meanwhile, rapeseed prices rose slightly, with May-25 up €22.75/t and Nov-25 up €5.50/t. Strong planting progress in the US, especially for maize and soyabeans, is also weighing on global grain markets.
