Positive news all round from pig factories was announced last Friday as a 4c/kg increase in the Irish pig prices was universally announced. Reports to the IFA indicate that farmers are receive from a low of €1.84c/kg up to an average of €1.86c/kg this week for pigs.
Spot loads and some of the more domestic focus factories are paying higher than this again. The demand from China is the dominant force that is driving the market in general and the massive increase in both demand and price for pigmeat in China remains the driving force on the Irish, EU and worldwide pigmeat market. The national pig kill was 65,112 last week.