Pig prices continue to follow the upward European trend with all processors increasing their quotes for this week’s pigs. While most processors announced their increased quotes of 4c/kg last Friday Rosderra, the country’s largest processor waited until after the long weekend and returned a 6c/kg increase to their suppliers.
This leaves pig farmers receiving a price of €1.60-€1.62c/kg. IFA Pigs Chairman said that there is extreme competition for pigs and prices will continue to rise over the coming weeks and months. He said that while most pig farmers were receiving the price quoted above, there was reports that some processors were attempting to buy pigs at lower that €1.60c/kg and he said this has to stop. He called on all processors to continue to pass increased returns received from the improving market place in much needed pig price increases.