TAKE A LOOK AT THIS WEEK’S PIG PRICE REPORT

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TAKE A LOOK AT THIS WEEK'S PIG PRICE REPORT
23 Aug 2017

TAKE A LOOK AT THIS WEEK’S PIG PRICE REPORT

Pigs

Chairman of the IFA Pigs Committee, Tom Hogan has said the Irish pig price remained relatively unchanged this week. Quotes from processors remain settled in the range of €1.64/kg- €1.68c/kg with the majority of pigs moving into the main export plants at €1.66/kg.

Spot loads of pigs and the smaller domestic abattoirs are buying pigs around €1.70c/kg and up to €1.72c/kg for select, lighter pigs. Demand from the Northern Ireland plants for Irish pigs remains strong despite the weakness of Sterling.

The vibes across Europe are much more positive in the past 10 days, with all main pig processors more anxious to build stocks of pork and bacon as the new academic year approaches and demand is expected to rise. German prices, which are indicative of the EU average for the past 6 months, remain stable at €1.70c/kg for the past number of weeks but a rise is expected in the near future.

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 07/08/2017.

Factory pig throughput in Republic of Ireland export plants for the week ending August 12th 2017 was 50,923 head which was 11,995 head less than the previous week and 10,471 less than in the corresponding week in 2016. Slaughtering’s in ROI export plants is -0.3% behind the same period in 2016.

Export Plants: Top prices on a flat rate basis </= 168cent/kg in Karro and </= €1.66/kg in Dawn, Staunton’s and Rosderra and </=€164 in Kepak.

Sows: 95 – 110c/kg DW.

Weekly Slaughterings: Week-ending 12/08/2017 Pigs: 50,923 Sows: 1,645

EU-27 Pigmeat Reference Price Week Commencing 07/08/2017

Irish price €1.64kg

EU–27 average price €1.70kg

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

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