The 4c/kg cut imposed in late July on the Irish pig price, was restored for this week, with all pig factories rising quotes by 4c/kg. The average Irish pig price is €1.42/kg this week.
IFA Pigs Chairman Tom Hogan welcomed the move by the pig processors noting that all factory bosses realise the seriousness of the financial situation that pertains on pig farms today, with margins over feed cost squeezed to unsustainably low levels due to the perfect storm of low pig price and a high feed cost. Feed costs have risen over 2018 and especially in the past weeks to sit at up to €1.15c/kg on most Irish pig farms. After meeting the main export pig factory managers last week, Hogan said that all stakeholders, including the feed compounders will have to share the pain during this crisis and offer some reprieve to pig farmers.
Ireland’s percentage of the EU price has improved and is currently 93% of the EU average price as reported to the EU Commission for the week commencing 10/09/2018.
Factory pig throughput in Republic of Ireland export plants for the week ending September 22nd 2018 was 65,023 head which was 2079 head less than the previous week and 1,461 more than in the corresponding week in 2017.
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 22/09/2018 Pigs: 65,023 Sows: 2,014
EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 10/09/18
Irish price €1.37kg
EU–27 average price €1.47kg