Pig Market ReportsPigs

Pig Market Update 24th April

There was a 4c/kg increase in the pig price on Friday last paid to Irish producers. This is a clear indicator that demand for pigmeat is still rising as warmer weather extends across the Europe. Farmers are reporting quotes of at least €2.20 – €2.28 available from processors in ROI, with some reporting up to €2.30/kg.

The average European price for a grade E carcass pig for week 15 was €2.19/kg (Excluding vat), which is still behind by -7.6% on prices for the same week last year according to the Commission but is up 1% on last month’s average price. 

The weekly throughput for week ending the 21st of April was 61,712 of which 1,780 were sows. 

Wheat prices have hit the highest future prices since January with prices for September ’24 circa €223/tonne.  The European Union’s crop monitoring service, MARS, raised its forecast for cereal yields on Monday, with recent favourable weather benefiting crops. Estimates for the average EU-27 soft wheat yield in 2024 were raised to 5.93 t/ha, up from initial forecasts of 5.91 t/ha.

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