PIG PRICE INCREASE SPURRED BY SOUTHERN PLANTS

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PIG PRICE INCREASE SPURRED BY SOUTHERN PLANTS
12 Jul 2017

PIG PRICE INCREASE SPURRED BY SOUTHERN PLANTS

Pigs

Chairman of the IFA Pigs Committee Tom Hogan said there was no official change in pig prices from the main export plants for this week, but the 4c/kg increase given by the two main southern plants the previous week, has spurred on all other buyers to increase their prices.

Reports from suppliers have reported unofficial increases of between 2 to 4c/kg, leaving the general run of pig prices ranging from €1.72c/kg to €1.74c/kg. It is reported that the Northern Ireland plants are very anxious for stock and prices up to €1.78c/kg have been paid to secure extra stock to travel North. Last week’s kill was just over 61,000 for a full 5-day week. With tight pig numbers and procurement managers who clearly want to hold onto every pig from their suppliers, all augur to a settled summer of positive margins for pig farmers for the first time since 2014.

Ireland’s percentage of the EU price has improved and is currently 94% of the EU average price as reported to the EU Commission for the week commencing 26/06/2017.

Factory pig throughput in Republic of Ireland export plants for the week ending July 1st 2017 was 62,542 head which was 107 head more than the previous week and 376 more than in the corresponding week in 2016. Slaughtering’s in ROI export plants is -0.7% behind the same period in 2016.

Export Plants: Top prices on a flat rate basis </= 174cent/kg in Karro, Staunton’s and Dawn, </=172cent/kg in Kepak and Rosderra.

Sows: 95 – 110c/kg DW.

Weekly Slaughterings: Week-ending 01/07/2017 Pigs: 62,542 Sows: 1,953

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 26/06/17

Irish price €1.67kg

EU–27 average price €1.77kg

(Grade E pigs – 55% to 60% lean meat excluding VAT but including transport and bonuses).

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