Pig Market ReportsPigs

Pig Market Update 5th July

As the first loads of pigs were sold for July 2023, there was no announced change to Irish pig prices last Friday with farmers reporting quotes of €2.34 – €2.42 available among Irish processing plants.  However, some farmers report that unannounced increases were given in some cases. 

The weekly throughput in ROI plants for week ending July 2nd was 60,608 of which 1,479 were sows. It’s likely that slaughter figures for Q3 will be back -12% on last year with quarter 2 data showing a significant decline in slaughtering’s and live exports to Northern Ireland. Q2 data for 2023 vs 2022 is as follows: ROI slaughtering plants down: – 11.1%, ROI pigs total: – 11.7% and live exports: -17%. 

 The average European price for a grade E carcass pig for week 25 was 247.6/kg which is 3.1% higher than last month and 30% higher than prices for the same week last year.  

The latest Russian announcements concerning the grain export corridor from Ukraine seem to make it cast doubts as to whether it will  be renewed in mid-July. Reports are that the Russian authorities do not see any improvements in their wishes, including reconnection to the SWIFT system of payment instructions between financial institutions. Negotiations are still underway.

Related Articles