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 17, 2017

Quotes from main export pig processing plants have settled this week in the range of €1.65/kg- €1.70c/kg. Last week’s short working week resulted in a reduced kill of 52,400, but procurement managers are much more anxious to secure their weekly kill this week. Chairman of the IFA Pigs Committee, Tom Hogan, said the Irish pig price has settled with most farmers receiving €1.66 and upwards this week. He said that it was disappointing that prices had reduced in recent weeks by 8c/kg, following the European trend, but said that Irish factories will have to follow European trends upwards when they rise. The trade for pigs has stabilised across the EU with demand increasing in the run up to the new academic school year.  The main European pig producing countries are paying farmers around €1.70c/kg with the UK 10c/kg above this level.

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 31/07/2017.

Factory pig throughput in Republic of Ireland export plants for the week ending August 5th 2017 was 62,918 head which was 363 head more than the previous week and 13,844 more than in the corresponding week in 2016.   Slaughtering’s in ROI export plants is 0.2% ahead the same period in 2016.  

Export Plants:  Top prices on a flat rate basis </= 168cent/kg in Karro and </= €1.665/kg in Dawn,  Staunton’s and Rosderra and </=€164 in Kepak.

Sows 95 – 110c/kg DW.

Weekly Slaughtering’s:  Week-ending 05/08/2017 Pigs: 62,918 Sows: 1,756

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 31/07/17

Irish price                                            €1.67kg

EU–27 average price                         €1.70kg

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

August 9, 2017

Most pigmeat processors moved to reduce pig prices by another 4c/kg last Friday, following similar reductions the previous week. Pig farmers selling pigs this week are receiving in the range of €1.65c/kg up to €1.70c/kg. The majority of pig farmers have taken a reduction of between 4c/kg and 8c/kg over the past two weeks, which is disappointing to say the least. Chairman of the IFA Pigs Committee, Tom Hogan, called on the pig processors to stop undermining the Irish pigmeat sector with unjustified price cuts. After trailing the European pig price for the past number of months, Irish pig processors have taken slight price reductions in Europe, from high price levels not achieved in Ireland, to increase their profit margins. Hogan said that all processors remained very anxious not to lose any pigs and to maintain their supply.

Ireland’s percentage of the EU price has improved and is currently 100% of the EU average price as reported to the EU Commission for the week commencing 24/07/2017.

Factory pig throughput in Republic of Ireland export plants for the week ending July 29th 2017 was 62,555 head which was 1,547 head less than the previous week and 1,586 more than in the corresponding week in 2016.   Slaughtering’s in ROI export plants is -0.5% behind the same period in 2016.

Export Plants:  Top prices on a flat rate basis </= 170cent/kg in Dawn and Karro and </= €1.65/kg to €1.68/kg in  Staunton’s, Kepak and Rosderra.

Sows 95 – 110c/kg DW.

Weekly Slaughtering’s:  Week-ending 29/07/2017 Pigs: 62,555 Sows: 1,984

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 24/07/17

Irish price                                            €1.70kg

EU–27 average price                         €1.70kg

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

August 2, 2017

Disappointing news from a number, but not all, processors last Friday. Pig farmers were given quotes of 4-6c/kg less than the outgoing week. After the dust settled on the initial shock of such a dramatic price reduction from some processors, it has resulted in a lot of pig farmers accepting 4c/kg less than last week. Various explanations were given by procurement managers as to the reason for reduced quotes, but IFA Pigs Chairman, Tom Hogan said that there was little justification for dropping prices. “The European market had forged well ahead of the Irish price over the summer and eased slightly in recent weeks. A number of processors had taken this as an excuse to follow suit. After a 12-week time lag in following the upward trend in EU pig prices, they cannot decide to impose a penalty on Irish pig producers as the EU market stabilises after they experienced prices in excess if €1.80 for a number of months.

Ireland’s percentage of the EU price has improved and is currently 100% of the EU average price as reported to the EU Commission for the week commencing 17/07/2017.

Factory pig throughput in Republic of Ireland export plants for the week ending July 22nd 2017 was 64,102 head which was 5,216 head more than the previous week and 3747 more than in the corresponding week in 2016.   Slaughtering’s in ROI export plants is -0.6% behind the same period in 2016.  

Export Plants:  Top prices on a flat rate basis </= 174cent/kg Dawn, 170cent/kg in Karro, Staunton’s, Kepak and Rosderra.

Sows 95 – 110c/kg DW.

Weekly Slaughtering’s:  Week-ending 22/07/2017 Pigs: 64,102 Sows: 1,800

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 17/07/17

Irish price                                            €1.70kg

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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