Pig Market Update 23rd March
Irish pig prices remain unchanged in ROI plants this week with farmers receiving quotes of €1.40c/kg up to €1.44 or €1.46 – €1.50/kg. At this point, pig price is just covering feed costs for many pig farmers across Ireland.
With farmers expecting a further increase in feed price for the month of April, farmers really need to see the pig price improving quickly to be able to cover feed costs – not forgetting the non-feed costs which are circa 55c/kg in today’s world. Input costs have reached new extremes since the invasion of Ukraine by Russia, this is extremely challenging for pig farmers here on top of the already very difficult pig crisis we are experiencing.
European pigmeat prices have followed an upward pricing trend over the past number of weeks which is encouraging for the pig sector in the EU. However, with spiralling input costs, the break-even point is still out of reach for most member states.