No change in pig prices for this week with €1.42/kg being the average price received. Pig farmers hopes of a pig price increase are becoming more realistic with news of ASF impact across Asian markets, China in particular having a greater impact on world trade.
Industry sources report increasing demand for pig-meat to supply the Chinese market coupled with increased prices paid for many cuts. IFA Pig Chairman Tom Hogan called on all pig factory bosses to implement at least a 4c/kg rise for next week’s pigs. “This price rise is fully justified based on market returns. Notwithstanding this, there continues to be a loss of pig farmers exiting production weekly due to the continuing financial crises facing pig producers. Margins over feed of 20c/kg are not sustainable”.
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 08/10/2018.
Factory pig throughput in Republic of Ireland export plants for the week ending October 20th 2018 was 66,850 head which was 1,920 head more than the previous week and 2,605 more than in the corresponding week in 2017.
Export Plants: Top prices on a flat rate basis </= €1.42c/kg in Kepak, Rosderra, Staunton’s, Dawn Pork and Bacon and Cookstown.
Sows: 55c/kg DW.
Weekly Slaughterings: Week-ending 20/10/2018 Pigs: 66,850 Sows: 2,170
EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 08/10/18
Irish price €1.10kg
EU–27 average price €1.39kg
(Grade E pigs – 55% to 60% lean meat excluding VAT but including transport and bonuses).