Pig Market Commentary

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

June 12, 2019

The national pig kill was reduced down to 55,457 last week, due to the short working week caused by the June bank holiday and the tight supply of finished pigs coming on stream. The pig market remains strong with many pig farmers receiving increases of 2-4c/kg for this week’s pigs, depending on which factory they supply. Reports to the IFA indicate that the average price received this week is €1.78/kg with a high price of €1.82/kg reported. All reports from the Chinese market indicate that demand for imported pigmeat will increase and this demand is set to remain long term. It is worth noting that Irish pig farmers have only experienced two months of steadily increasing pig prices, from a disastrous low-cost price of €1.40/kg, which the Irish pig sector had endured for the previous 18 months. It will take many months to repay the heavy losses pig farmers experienced.

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 27/5/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending June 8th 2019 was 55,457 head which was 10,623 head less than the previous week and 1770 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.76-€1.80/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.

Sows 0.95c-€1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 8/6/2019 Pigs: 54,000 Sows: 1,457

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

Irish price                                            €1.67kg

EU–27 average price                         €1.75kg

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

June 5, 2019

The Irish pig market remains buoyant with good demand from all processors on the back of improving pork markets, especially the export market. Last week’s kill of 66,000 continues the recent trend of reduced pig numbers available and this is causing all procurement managers and agents to be very competitive to fill their kill numbers every week.  There were more increases passed on to suppliers from most factories this week, with prices of €1.76c/kg up to €1.78c/kg buying most pigs. Spot prices of €1.80c/kg and higher were reported for some pigs and it is clear this is where the Irish price is heading. The European market remains positive with the German pig market leading the price, with €1.82c/kg. IFA Pig Chair Tom Hogan said that the threat of ASF cannot be underestimated and he has once again asked the Department of Agriculture to heighten biosecurity at point of entry into Ireland.

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 20/5/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending June 1st 2019 was 66,080 head which was 440 head less than the previous week and 2195 less than in the corresponding week in 2018.

Export Plants: Top prices on a flat rate basis </= €1.72-€1.76/kg in Staunton’s and Dawn Pork & Bacon, >/= €1.74/kg-€1.78/kg in Rosderra and Kepak.

Sows 0.95c-€1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 25/5/2019 Pigs: 64,434 Sows: 1,616

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 20/5/19

Irish price                                            €1.67kg

EU–27 average price                         €1.74kg

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

May 29, 2019

The national pig kill was 66,520 last week, indicating that the supply of finished animals remains tight and there is strong demand from factories for all pigs. While prices in both Ireland and across Europe have stabilised at levels between €1.70 and €1.80c/kg over the past two weeks, the outlook remains very positive with demand from China expected to increase over the coming months. The full effects of the devastation that African Swine Fever (ASF) has had on the Chinese pig population is now translating into a massive shortfall in domestic pork production. Following a number of meetings and calls from the IFA for increased awareness and heightened biosecurity at all points of entry into Ireland, the past week has seen the Department of Agriculture increase visibility regarding the ASF threat at airports, online and across media.

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 13/5/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending May 25th 2019 was 66,520 head which was 1,388 head less than the previous week and 618 less than in the corresponding week in 2018.

Export Plants: Top prices on a flat rate basis </= €1.70-€1.74/kg in Staunton’s and Dawn Pork & Bacon, >/= €1.72/kg-€1.76/kg in Rosderra and Kepak.

Sows 0.95c-€1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 25/5/2019 Pigs: 64,834 Sows: 1,686

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 13/5/19

Irish price                                            €1.67kg

EU–27 average price                         €1.73kg

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

Settings

Quick Links