Pig Market Update 2nd December
While pig price remained at the same level across all factories for this week, all farmers have taken a price reduction of 4c/kg in the past 2 weeks. €1.56/kg-€1.60/kg is the current range of prices farmers are getting paid and while it is a big reduction on where all analysts had predicted 2020 price to be at, it remains one of the better prices compared with our European counterparts.
The EU average has dropped below 1.40/kg this week, on the back of the ongoing difficulties with the German, Danish and Belgium pig markets. The importance of keeping the island of Ireland free from ASF cannot be overstated and it is a priority of the newly elected IFA Pigs Chairman, Roy Gallie, to ensure that every precaution possible is being taken and enforced by DAFM, importers and all pig keepers. It was another good kill last week in the lead into Christmas, with 76,566 total pigs killed in ROI. The 2020 total kill is on track to be 2-3% ahead of 2019.
Ireland’s percentage of the EU price has improved and is currently 117% of the EU average price as reported to the EU Commission for the week commencing 16/11/2020.
Factory pig throughput in Republic of Ireland export plants for the week ending November 29th 2020 was 76,566 head which was 7789 more than the previous week and 6,338 more than in the corresponding week in 2019.
Top prices on a flat rate basis </= €1.56/kg – €1.58/kg in Rosderra and Kepak </=€1.58/kg – €1.62/kg in Cookstown, </= €1.58/kg – €1.60/kg in Dawn Pork & Bacon and </=€1.56/kg -€ 1.60/kg in Staunton’s.
Week-ending 29/11/20 Pigs: 74,972 Sows: 1,5946
EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 16/11/20
Irish price €1.57kg
EU–27 average price €1.34kg
(Grade E pigs – 55% to 60% lean meat excluding VAT but including transport and bonuses).