Pig Market Commentary

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

October 7, 2020

The Irish pig price remains steady at €1.60/kg, but noticeable more optimism coupled with a few extra 2c/kg bonus’ going around the pig industry this week. The turmoil that ASF has caused the German pig sector, farmers in particular, is contained to Germany with little negative impact here. The loss of German pork to the export markets has increased demand on the market, and the Irish processors are seeing this increased demand also. Asian buyers are more active for all cuts, including higher value legs which normally would not be in such high demand in Asian markets. Good news regarding market access for Irish pigmeat, with the reopening of market access for the Rosderra’s plant in Roscrea. This important pig factory can handle up to 3000 pigs per day and with full access to the high value Chinese market restored, IFA Pig Chairman said, now is the week for a price increase. Hogan called on Rosderra, as the largest pig processor in Ireland, to show leadership and increase the pig price 4c/kg this Friday.

Ireland’s percentage of the EU price has improved and is currently 106% of the EU average price as reported to the EU Commission for the week commencing 7/9/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending October 4th 2020 was 68,166 head which was 938 less than the previous week and 2,444 more than in the corresponding week in 2019.

Export Plants: Top prices on a flat rate basis = €1.60/kg-€1.62/kg in Rosderra and Kepak, Staunton’s and Dawn Pork & Bacon. Sows: €.60c/kg DW. Weekly Slaughtering’s: Week-ending 4/10/20 Pigs: 67,013 Sows: 1,153 EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 7/9/20 Irish price €1.59kg EU–27 average price €1.50kg (Grade E pigs - 55% to 60% lean meat excluding VAT but including transport and bonuses).

September 30, 2020

The Irish pig price remains stable with farmers reporting receiving a price of between €1.60/kg and up to €1.62/kg. While this price is only a few cents per kilo above break even cost, and it is 40c/kg below the 2020 predicted price for pigs, it remains a relatively good price in comparison to the EU average price. This depressed EU pig price is largely due to the difficulties that both Covid-19 has brought to production capacity in Germany, the Netherlands and France but in more recent times, the discovery of ASF in wild boar in Germany. Germany is the second largest producer of EU pork behind Spain, and the pig price fell to a low of €1.27/kg in the aftermath of ASF being discovered. German and EU authorities are very hopeful that the important Asian import countries, such as China, will accept regionalisation and only exclude pork products from a small region where the ASF wild boar were detected. Irish pigmeat exporters should have a competitive advantage into these markets with high demand and supply limited due to the issues outlined above.

Ireland’s percentage of the EU price has improved and is currently 106% of the EU average price as reported to the EU Commission for the week commencing 7/9/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending September 27th 2020 was 69,104 head which was 474 less than the previous week and 3,992 more than in the corresponding week in 2019.

Export Plants: Top prices on a flat rate basis = €1.60/kg-€1.62/kg in Rosderra and Kepak, Staunton’s and Dawn Pork & Bacon. Sows: €.60c/kg DW. Weekly Slaughtering’s: Week-ending 27/9/20 Pigs: 67,542 Sows: 1,562 EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 7/9/20 Irish price €1.59kg EU–27 average price €1.50kg (Grade E pigs - 55% to 60% lean meat excluding VAT but including transport and bonuses).

September 23, 2020

There was no change in base pig quotes from all the main pig factories last Friday resulting in pig farmers still receiving €1.60-€1.62/kg base price this week. The ASF positive cases in a small number of wild boar in an isolated part of East Germany has resulted in a great amount of market turbulence in the worldwide pigmeat market. Germany pork exports are estimated at €1billion annually and since the confirmation of ASF, a number of pigmeat importing countries have excluded all pigmeat imports from Germany. While this is hugely negative for the German pigmeat sector, it’s not all negative news. Ireland has good market access to many important markets such as China, Korea, Vietnam and the Philippines and demand will only increase due to the loss of the German pork supply. Tom Hogan said that demand from pig factories remained high, and he called on the processors to return the positive demand coming from both the domestic and export markets to farmers.

Ireland’s percentage of the EU price has improved and is currently 106% of the EU average price as reported to the EU Commission for the week commencing 7/9/2020.

Factory pig throughput in Republic of Ireland export plants for the week ending September 20th 2020 was 69,578 head which was 2,440 more than the previous week and 5,145 more than in the corresponding week in 2019.

Export Plants: Top prices on a flat rate basis = €1.60/kg-€1.62/kg in Rosderra and Kepak, Staunton’s and Dawn Pork & Bacon. Sows: €.60c/kg DW. Weekly Slaughtering’s: Week-ending 206/9/20 Pigs: 67,895 Sows: 1,683 EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 7/9/20 Irish price €1.59kg EU–27 average price €1.50kg (Grade E pigs - 55% to 60% lean meat excluding VAT but including transport and bonuses).

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