No change last Friday in quotes for pigs from Irish factories. Pig farmers continue to lose money at an unsustainable rate, with the gap between the prevailing pig price of €1.42c/kg and the ever-rising cost of production, getting close to 20c/kg.
The Irish pig price remains at €1.42/kg for another week. Feed cost rises have at this stage, been passed back to all pig farmers, with some having hedged at 2017/18 prices, getting big feed cost increases to today’s global grain markets, which are up over €50/tonne than prices secured 12 months ago.
No change in pig prices for this week with €1.42/kg being the average price received. Pig farmers hopes of a pig price increase are becoming more realistic with news of ASF impact across Asian markets, China in particular having a greater impact on world trade.
IFA President Joe Healy has welcomed the Government report on the review of economic migration policy. The objective of the review was to consider the rationale for the employment permit system where the economy is improving and the labour market is tightening, and to make appropriate recommendations to the Minister for Business, Enterprise and Innovation.