Pig Market Update 22nd April
At last, a week with no downward movement on pig price. Rosderra and Kepak are quoted from as low as €1.78c/kg but most suppliers are receiving €1.80c/kg with an additional 2c/kg also reported. Dawn Pork & Bacon and Staunton’s were not as quick to reduce their pig price in recent weeks, are now paying from €1.82-€1.84c/kg to their regular suppliers.
Cookstown in Northern Ireland has been reported to be more active this week for ROI pigs. It was noticeable that the numbers of pigs that were exported directly to Northern Ireland for slaughter had dropped in recent weeks, placing extra pressure on the Irish processing sector. Across Europe, the pig price has stabilised and there are positive signs that trade to the valuable Asian markets, including China are beginning to open up again. IFA pig Chairman, Tom Hogan said that all processors must admit the market had reached the bottom and that price recovery must be on the agenda.