There was a 4c/kg drop in Irish pig prices paid to producers on Friday last with farmers reporting quotes of €2.17 – €2.22 available from processors in ROI. This further drop is their fifth cut of 4c/kg off their farm gate pig price, totalling 20 c/kg to date, or a reduction of €18 per pig sold. For the average family farm, this is circa €6,000 less income per week.
The average European price for a grade E carcass pig for week 42 was €215.3/kg which is 6.4% higher than prices for the same week last year according to the Commission, however, it is back -2% on last week’s average price and -5.5% on last month’s prices.
The weekly throughput figures for ROI for week ending the 29th October was 63,874 of which 1,558 were sows.
There is set to be significant disruption to pork production in Northern Ireland this week, as Government Vets carry out a five-day strike over an unsatisfactory pay deal resulting in no slaughtering of pigs for the week.