PIG MARKET UPDATE 28th APRIL

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PIG MARKET UPDATE 28th APRIL
28 Apr 2020

PIG MARKET UPDATE 28th APRIL

Pigs, Prices

More downward price pressure last week as Rosderra and Kepak followed the European market trend and dropped pig price by 4c/kg. While it had seemed that some degree of stability had come into the pigmeat market in recent weeks, last week the German pig market dropped price by 9c/kg, and like the two aforementioned Irish factories, most European export countries followed this descending price trend.

Irish suppliers to Rosderra and Kepak are receiving from a low quote of €1.76c/kg up to €1.80c/kg, with a gap emerging once again to suppliers to Dawn Pork & Bacon and Staunton’s. Farmers suppling pigs to both these outfits are on the same price for the past two weeks at €1.82c/kg up to €1.86c/kg. Commenting on this latest price drop, IFA Pigs Chairman Tom Hogan said that the pig market had decreased by 20c/kg in total and was the sector greatest affected by Covid-19 in Ireland in terms of price reduction. He called on all processors to stop the price cuts and return stability to the sector.

Rosderra- €1.76-1.80c/kg

Kepak, €1.76- €1.80c/kg

Staunton’s €1.80-€1.84c/kg

Dawn Pork & Bacon €1.82-1.86c/kg

Sows, 0.85- 1.00c/kg

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