Pig Price Update 22nd May
The national kill returned to more normal level of 67,900 last week following a number of short working weeks. Pig price movement remains positive and it is definitely a sellers’ market. A number of suppliers have received increases of 2c-4c/kg for this week’s pigs, and as often happens when prices move there is a wide spread of prices becoming apparent across the country.
While the majority of pigs seem to be moving at prices around €1.74c/kg this week, there is definitely more been given for pigs, and the target of €1.80c/kg is within reach for Irish pigs. Regarding the coming months, IFA pigs Chair Tom Hogan said that all industry experts and analysts are predicting strong demand on international markets for pigmeat and the full extent of the ASF crisis in China is expected to drive European pig prices further in the coming months.