Pig Price Report 20th February
Pig prices remain static once again with margin over feed the worst return that pig farmers have received in over two decades. Rosderra and Kepak are reported as paying €1.38c/kg to suppliers, with both Dawn Pork & Bacon and Staunton’s in West Cork, paying up to 4c/kg over this price.
Many suppliers are taking below these prices around the country and hope is fast running out among pig farmers for the future of the industry. Many farmers have looked for some financial support in order to reduce their creditors bill and cease the business. The much-anticipated increase in demand from China is going to take a number of months until it materialises into a price for Irish exporters and farmers. Many can not wait until this happens. On the ground, there is a noticeable tightening of pigs numbers and factories are more anxious to secure their weekly kill.