There was no change in pig price quotes from factories once again this week, with the pig price slightly above €1.71c/kg according to reported figures. Once again, there was slight improvements in the European average pig price with almost all main pig exporting nations reporting 2-3c/kg price increases.
Significantly, Spain has broken the €2/kg barrier with Spanish pig farmers receiving 2.01c/kg for their pigs this week. These increases have seen the EU average pig price rising up to €1.68c/kg, only 2-4 cents below the Irish price. The short production week due to the June bank holiday will leave an overhang of pigs into next week, and factories will no doubt use this artificial carry-over to depress calls for a 4c/kg increase from all processors. Irish pig producers are questioning why other counties, such as Spain, with similar market access to the Irish processing industry, cannot pay closer to €2kg for pigs today.
Top prices on a flat rate basis
<= €1.68/kg-€1.74c/kg in Rosderra and Kepak
<=€1.74/kg – €1.76/kg in Karro (Cookstown),
<= €1.70/kg – €1.76/kg in Dawn Pork & Bacon
<=€1.72/kg -€ 1.76/kg in Staunton’s