Irish pig prices paid to farmers fell by 4c/kg on Friday last with farmers quoting prices of €2.14 – €2.18 available from processors in ROI.
This is the 6th drop in pig prices in Ireland over the Association two months which is now costing producers €21 per pig sold.
Farmers are becoming increasingly frustrated with this as prices reduce and margins are tighter. They are trying to fill the significant losses made over the past two years but have only had a few months breathing room. Soya prices are escalating again and are now up over €580/tonne again.
The average European price for a grade E carcass pig for week 44 was €212/kg which is 7.2% higher than prices for the same week last year according to the Commission, however, it is back -0.6% on last week’s average price and -5.3% on last month’s prices.
The weekly throughput figures for ROI for week ending November 12th were 68,858 of which 1,712 were sows.