Irish pig prices finished last week unchanged, with producers reporting a broad spread of prices across the Republic of Ireland. The Rosderra graded pricing system is delivering higher prices for specific ranges of pigs but the average price for pigs slaughtered this week is currently between €1.74/kg and €1.78/kg, although some producers are still securing higher prices in northern factories.
The average price for grade E pig carcasses in week 8 was €1.49/kg (excluding VAT), which is up (+1%) on the previous weeks average price, however when compared to the previous month prices are -1.8% higher( the first time this year they are showing this increase) and sit -17% below the same period last year. The Spanish price increased 7c/kg this week, & Netherlands 4c/kg.
Feed markets moved slightly higher this week. In Europe, prices are supported by a weaker euro and rising energy prices linked to tensions in the Middle East, with wheat on Euronext close to its highest level since last November. EU wheat export forecasts have been lowered slightly, which could leave more grain available in Europe by the end of the season. Rapeseed is also firm, nearing €500/t, supported by strong vegetable oil and energy markets. In the US, wheat prices eased as rainfall improves winter crop conditions, while corn and soybeans remain supported by demand and higher ethanol and vegetable oil prices. Overall, feed markets remain firm, although improving US crop conditions are limiting further gains in wheat.
