PIG PRICES REMAIN UNCHANGED

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PIG PRICES REMAIN UNCHANGED
02 May 2018

PIG PRICES REMAIN UNCHANGED

Pigs, Prices

Irish pig prices remain unchanged for yet another week with a weekly kill of 69,000 for last week.

Quotes from the main export plants remain unchanged with €1.40c/kg been a representative average price with slight variations around the country. Pig farmers are becoming increasingly concerned about the stagnant market place, with a much needed price rise proving more difficult to materialise than many analyists had predicted in early 2018.

Talk of pig feed price rises are becoming increasingly common, but farmers will resist any unjustified increase, as the value of the year-round pig sector to the milling sector must be taken into account in any price decisions before harvest 2018 materialises.

Ireland’s percentage of the EU price has improved and is currently 96% of the EU average price as reported to the EU Commission for the week commencing 16/04/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending April 21st 2018 was 67,778 head which was 448 head more than the previous week and 15,8065 more than in the corresponding week in 2017.

Export Plants: Top prices on a flat rate basis </= €1.40c/kg in Kepak, Rosderra, and Stauntons and </= €1.42/ €1.44c/kg in Dawn Pork and Bacon and Cookstown.

Sows: 60c/kg DW.

Weekly Slaughterings: Week-ending 21/04/2018 Pigs: 67,778 Sows: 2,035

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 16/04/18

Irish price €1.39kg

EU–27 average price €1.44kg

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

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