Pig Market Commentary

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

December 5, 2018

No change in any quotes for this week’s pig kill from a low of €1.38c/kg to €1.42c/kg with suppliers to both Dawn Pork and Bacon and Staunton’s at the higher end of these quotes.  Last week saw another large kill with 71,837 pigs killed in the Republic of Ireland and over 7,000 pigs travelled across the border for slaughter.  IFA Pigs Chairman Tom Hogan said that frustration at farm level was building and he called on the main processors to recognise the financial crisis that pig farmers are enduring.  He urged all pig factory bosses to increase pig prices in the lead up to Christmas. 

Ireland’s percentage of the EU price has improved and is currently 101% of the EU average price as reported to the EU Commission for the week commencing 19/11/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending December 1st 2018 was 69,940 head which was 1,228 head less than the previous week and 924 less than in the corresponding week in 2017.

Export Plants:  Top prices on a flat rate basis </= €1.42c/kg in Staunton’s, Dawn Pork & Bacon and Cookstown, >/= €1.38/kg in Rosderra and Kepak.

Sows 55c/kg DW.

Weekly Slaughtering’s:  Week-ending 1/12/2018 Pigs: 69,940 Sows: 1,872

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 19/11/18

Irish price                                            €1.38kg

EU–27 average price                         €1.36kg

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

December 4, 2018

Processors all held their individual pricing for this week’s kill. Rosderra and Kepak both held at the lower end with an official quote of €1.38c/kg. Pig farmers suppling both factories report that there was some negotiation and more to be got. Dawn Pork & Bacon and Staunton’s in West Cork both maintained quotes at €1.42c/kg. The market outlook continues to be unstable. Experts predict increased demand from China in the new year which will be a positive influence on pig price. Today, the market remains slightly sluggish, with pork and bacon sales across the EU being hard to drive forward. Increased production in the EU, and the US has also put extra product on the worldwide pigmeat market. The national kill was 73,265 in Ireland last week, one of the highest of 2018. 

Ireland’s percentage of the EU price has improved and is currently 101% of the EU average price as reported to the EU Commission for the week commencing 12/11/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending November 24th 2018 was 71,168 head which was 4,305 head more than the previous week and 3,664 more than in the corresponding week in 2017.

Export Plants:  Top prices on a flat rate basis </= €1.42c/kg in Staunton’s, Dawn Pork & Bacon and Cookstown, >/= €1.38/kg in Rosderra and Kepak.

Sows 55c/kg DW.

Weekly Slaughtering’s:  Week-ending 24/11/2018 Pigs: 71,168 Sows: 2,073

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 12/11/18

Irish price                                            €1.37kg

EU–27 average price                         €1.36kg

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

November 21, 2018

Kepak followed Rosderra’s lead and dropped the pig price by 4c/kg to suppliers last Friday for this week’s kill. This has left producers supplying pigs to both of these pig factories on a quote of €1.38/kg.  Both Dawn Pork & Bacon and Staunton’s held their quotes, with suppliers receiving on average €1.42/kg.  IFA Pig Chairman Tom Hogan said it was extremely disappointing to see the price falling from an already unsustainably low rate and stated that Pig Farmers are going out of business due to the historically low margins over feed cost.  Producers can simply not sustain the massive weekly losses on an ongoing basis.  He called on all stakeholders, the pig processors in particular, to be cognisant of the financial realities facing the industry. 

Ireland’s percentage of the EU price has improved and is currently 102% of the EU average price as reported to the EU Commission for the week commencing 05/11/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending November 17th 2018 was 67,463 head which was 286 head more than the previous week and 3,401 less than in the corresponding week in 2017.

Export Plants:  Top prices on a flat rate basis </= €1.42c/kg in Staunton’s, Dawn Pork & Bacon and Cookstown, >/= €1.38/kg in Rosderra and Kepak.

Sows 55c/kg DW.

Weekly Slaughtering’s:  Week-ending 17/11/2018 Pigs: 67,463 Sows: 2,120

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 05/11/18

Irish price                                            €1.39kg

EU–27 average price                         €1.36kg

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

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