PIG MARKET UPDATE 15th JANUARY
Prices for pigs remain at similar quotes, with €1.96c/kg being achieved by most farmers. The pig market in continental Europe has seen a number of significant price decreases in recent weeks.
The German pig price has reducing down to €1.82c/kg this week, it is important to realise these markets are more volatile than the Irish market. While the home domestic market remains a key outlet for Irish produce, exports destinations such as China are a great boost, but we are not as reliant as many of the pigmeat export nations in the EU, such as Germany. Volatility the down side in other pig markets is balanced by increased volatility on the up side, with German pig price exceeding €2.05 for a number of weeks in the run up to Christmas 19. What is clear on the home front, there is no build-up of pig numbers on farms and there is a market for every pig.