All factories reduced their pig price down 4c/kg last Friday for this week’s pigs. The reason given by processors were the sluggish export market and the negative effect that the recent upsurge in pig price has had on demand. The main driver of the world pig price increase since April this year, the Chinese market, has resisted the most recent product price increases from EU exporters.
IFA President Joe Healy has called on Minister for Business, Enterprise and Innovation Heather Humphreys and Minister for Agriculture Michael Creed to move immediately to make changes to the pilot employment permit scheme which will address the rapidly worsening labour and skills shortages for dairy, horticulture, pigs and poultry farms.
There was little change to Irish pig prices for the past two weeks, with a cent here and there gained. More and more farmers are now receiving €1.80c/kg, and up to 4c/kg more is being paid by some processors, but €1.80c/kg is now the average Irish pig price.
Pig farmers report prices of €1.78c/kg this week again, but €1.80c/kg is becoming more common, although factories are doing their best to keep a lid of prices. Some deals have been reported up to €1.82c/kg for some pigs this week and with a kill of 66,600 last week there is no spare pigs to be found by anxious procurement managers and agents.
The supply of factory ready pigs remains in tight supply as indicated by the reduced weekly kill of 63,500 last week. Pig factories appear to have circled the wagons and held prices for the past two weeks, and the upward trajectory of Irish pig prices has temporarily stalled.