PIG PRICES INCREASE

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PIG PRICES INCREASE
15 Feb 2017

PIG PRICES INCREASE

Pigs

Chairman of the IFA Pigs Committee Tom Hogan has welcomed an increase in pig prices from processors last Friday.

The low base quotes of €1.58 all received an increase of 4c/kg last week. A price of €1.62 is now the lowest base price pig farmers should be quoted, but the variation above this level is still very much evident around the country. Competition between processors is leaving sellers with the upper hand in price negotiations and deals above €1.66 have been done to secure pigs. While the increase and trend is positive, Tom Hogan called on the processing sector to recognise the poor financial status on pig farms, and the need for a sustained period of positive margins.

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 30/1/2017.

Factory pig throughput in Republic of Ireland export plants for the week ending Feb 11th 2017 was 60,851 head which was 4,593 head less than the previous week and 2,352 less than in the corresponding week in 2016. Slaughtering’s in ROI export plants is -19.4% behind the same period in 2016.

Export Plants: Top prices on a flat rate basis </= 166cent/kg in Karro, </=164 cent/kg in Kepak, and Rosderra, </=162 cent/kg in Dawn and Staunton’s.

Pork Slaughters: The price range is </=160 cent/kg.

Sows: 95 – 100c/kg DW.

Weekly Slaughterings: Week-ending 11/2/2017 Pigs: 60,851 Sows: 1,669

EU 27 Pigmeat Reference Price Week commencing 30/1/17

Irish price €1.55kg

EU–27 average price €1.53kg

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

Pig prices reported to IFA week-commencing 13/02/17

Rosderra </= €1.64/kg

Dawn </= €1.62/kg

Staunton’s </= €1.62/kg

Kepak </= €1.64/kg

Karro </= €1.66/kg

(All prices dependent on grading of pig)

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