Pig Market Update 22nd March
There was no change in Irish pig prices on Friday last, with farmers reporting quotes of €2.20 as an average price. However, some farmers are reporting quotes of up to €2.28/kg from processing plants in Ireland.
Prices on the European market continue to increase and there are significantly higher prices available in other MS including France €2.85 and Spain €2.60. Pig supply continues to fall across all major European pig producing countries.
The weekly throughput for week ending 19th of March 2023 was 57551, of which 1623 were sows. The ROI weekly pig kill is running circa 13% below this time last year (Jan-Mar19th) which equates to 87,000 pigs less killed then in the same period last year.
Matif March Delivery: Prices had decreased in the last two weeks; wheat is now €259 a reduction from €300 in mid-February. Maize followed a similar pattern and is currently circa €257.
France reports their winter crops are in excellent condition after recent rain, with 95% reported in ‘good-excellent’ condition.
The average European Pig Price for week 9 was €2.28/kg according to the European Commission which represents an 8.4% on last month and 41.5% on prices for the same week last year.