There was no change in Irish pig prices on Friday last, with producers reporting a broad spread of prices across the Republic of Ireland. Those operating under the graded pricing system have reported slightly higher prices for certain pig weight categories, though the average price for pigs processed this week remains between €1.74/kg and €1.78/kg. Pig farmers who are selling their pigs to the North are on higher prices than that quoted above and the same is the case for farmers selling pigs on the grading pricing structure in the South.
The average price for grade E pig carcasses in week 13 was €1.67/kg (excluding VAT), which is up (+0.8%) on last week’s average price, however, when compared to the previous month prices are up by 9.2% and sit 12% below the same period last year.
According to Agritel’s latest European market report, grain markets are expected to remain stable with geological tensions easing in the short term, but risk still of future conflict remains. The Euro/Dollar is at its highest level since early March at over 1.16, making EU grain less competitive for export, which could weigh on local prices. This leaves some uncertainty in feed markets. However, due to global feed stocks prices should remain stable.
