There was no change in pig price last week with all main processors holding quotes at €1.42 to €1.46/kg. Despite the short working week with the bank holiday, all factories were very anxious for pigs and many processors have had to pay above quotes for this week’s pigs. The market situation in Europe continues to improve driven mainly by demand from China. The German pig price increased by 12c/kg over the past two weeks and now stands at €1.50/kg +.
Ireland’s percentage of the EU price has improved and is currently 101% of the EU average price as reported to the EU Commission for the week commencing 11/3/2019.
Factory pig throughput in Republic of Ireland export plants for the week ending March 23rd 2019 was 54,521 head which was 14,517 head less than the previous week and 6,910 less than in the corresponding week in 2018.
Top prices on a flat rate basis </= €1.46/kg in Staunton’s and Dawn Pork & Bacon, >/= €1.42/kg in Rosderra and Kepak.
Sows: 50c/kg DW.
Weekly Slaughterings Week-ending 23/3/2019
EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 11/3/19
Irish price €1.41kg
EU–27 average price €1.39kg
(Grade E pigs – 55% to 60% lean meat excluding VAT but including transport and bonuses).