Pig Market Update 27th July
Irish pig prices increased by 4c/kg last Friday with farmers receiving quotes of €2.00c/kg up to €2.06/kg.
The weekly throughput for week ending 24th of July was 67,477 which is down 2% on the same week last year. A decline in cereals prices had been evident last week however prices have increased again up circa 10% according to Agritel for September wheat. It must be noted that the recent gains did not compensate recent declines. The agreement which was signed which will allow the export of grain from Ukraine is certainly positive news.
European pig prices are averaging for the Grade E & S Carcass at €1.98/kg for week 28. This is an increase of 3% in 4 weeks and when compared with last year, an increase of 24%. Pig farmers in Ireland are welcoming the further increase in pig price but are emphasising that production costs are still significantly more than the price producers are paid for pigs currently, and that more needs to be delivered back to farm gate level.
ASF in Europe remains a concern and a high risk and farmers wish to remind those travelling to be extremely vigilant and to follow biosecurity protocols. For further information https://www.gov.ie/en/publication/249e9-african-swine-fever/