Irish pig prices dropped 4c/kg on Friday last, with producers reporting an average price of circa €2.02 – 2.04/kg for pigs sold in ROI. This is a very disappointing end to the summer, with a total of 24c/kg now gone from the pig price over the past two months.
The average price for grade E carcasses in week 34 stood at 201.3c/kg (excluding VAT), practically the same as the previous week but is -0.9% behind prices last month. This is also -2.4% lower than the same period last year.
The weekly throughput for week ending the 31st of August was 63,580 of which 1,800 were sows.
According to the latest grain reports, In Europe, wheat fell to new lows after Australia sharply raised its wheat, barley, and canola crop estimates, adding to recent supply increases from Canada and Russia. December wheat on Euronext closed down to €191.75/t. Corn is holding up a bit better, but still slipped to €187.50/t. Rapeseed managed a small rebound, though it remains well below last week’s levels.
