There was no change in Irish pig price last week. Farmers are now receiving quotes ranging from €2.06c/kg up to €2.16/kg from processing plants. The average price is €2.10/kg.
Irish producers have now received their DAFM Exceptional Payment of €90,000-€100,000, which in most cases was used to reduce feed credit. International feed ingredient markets continued their upward rise last week. Matif December Delivery: Wheat (€352) & Maize (€341) have continued to increase in recent weeks – up €40/t from early August. This is partly due to comments from Putin that they may restrict the countries that can receive Ukrainian exports, and also due to poor US & French maize harvest & concerns about fertiliser supply/ prices for next year.
The ingredient price rise has resulted in the Irish composite pig feed price remaining unchanged – from July/Aug when they were forecast to drop by €15-€20/ton.
Chinese pig price has reached a new high for this year; 25.01RMB, which for a carcass at 77% kill out is €4.62/kg.
The average European Grade E carcass price is €2.11/kg for week 38, an increase of 55.5% of the same period last year.