Pig Market Commentary

Each week the IFA compiles prices paid or quoted to its members nationwide. Take a look at the latest report below.

August 21, 2019

Irish pig producers were left disappointed last Friday with another week when Irish pork processors decided not to follow the European market trends. The Irish pig price remains at €1.76c/kg for another week, while the European pig exporting nations of Germany, Holland and Denmark drive on and prices have hit €1.90c/kg. The situation in Ireland, which is also very much influenced by the EU markets and should follow the European price upwards, has lagged behind for three weeks now.    Similar to previous weeks, there is pigs moving at above quoted prices but IFA Pigs Chairman Tom Hogan called on the processing sector to officially increase the price and return at least 4c/kg to all farmers this Friday. A 10c/kg increase is required in the short term, just to bring the Irish pig price in line with our European counterparts.

Ireland’s percentage of the EU price has improved and is currently 98% of the EU average price as reported to the EU Commission for the week commencing 5/8/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending Aug 18th 2019 was 63,892 head which was 6,697 more than the previous week and 3,843 less than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.76-€1.78/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.

Sows €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 18/8/2019 Pigs: 61,872 Sows: 2,020

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 5/8/19

Irish price                                            €1.73kg

EU–27 average price                         €1.77kg

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

August 7, 2019

While Irish pig factories are holding fast on official quotes of between €1.74c/kg and 1.76c/kg for this week, similar to the previous number of weeks, there is definitely a shift back to the sellers holding the balance of power. There has been a noticeable lift in pig prices across the EU in recent days, with the indicative German pig price increasing by 10c/kg over the past 10 days.  The number of available factory ready pigs are tight, not just in Ireland but across the EU.  IFA Pigs Chairman Tom Hogan said that all pig processors must return the 4c/kg price reduction taken off farmers in July. “If the Irish factories want to follow the EU markets, as they have done when the market slipped in recent weeks, they must also follow the market back up. Farmers should not be taking less than €1.80c/kg for their pigs with the current EU market and world demand for pork as is”.

Ireland’s percentage of the EU price has improved and is currently 98% of the EU average price as reported to the EU Commission for the week commencing 22/07/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending Aug 4th 2019 was 67,836 head which was 1,658 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.74-€1.76/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.

Sows €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 4/8/2019 Pigs: 65,981 Sows: 1,855

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 22/07/19

Irish price                                            €1.71kg

EU–27 average price                         €1.73kg

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

July 17, 2019

All factories reduced their pig price down 4c/kg last Friday for this week’s pigs. The reason given by processors were the sluggish export market and the negative effect that the recent upsurge in pig price has had on demand. The main driver of the world pig price increase since April this year, the Chinese market, has resisted the most recent product price increases from EU exporters. Pork available from North and South America, even with trade tariffs applied, has become competitive against EU imports. The future outlook remains positive for the Irish pig price in the months ahead as demand will peak due to the reduction in domestic production in China and other ASF affected countries. After this price drop, farmers report prices ranging from €1.74c/kg to €1.76c/kg in the main. Supply to Irish factories remains tight with 64,262 killed last week.

Ireland’s percentage of the EU price has improved and is currently 98% of the EU average price as reported to the EU Commission for the week commencing 01/07/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending July 13th 2019 was 64,262 head which was 178 head more than the previous week and 266 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.74-€1.76/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.

Sows €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 13/7/2019 Pigs: 62,747 Sows: 1,515

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 01/07/19

Irish price                                            €1.74kg

EU–27 average price                         €1.78kg

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

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