Pig Market Commentary

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

September 26, 2018

The 4c/kg cut imposed in late July on the Irish pig price, was restored for this week, with all pig factories rising quotes by 4c/kg. The average Irish pig price is €1.42/kg this week. IFA Pigs Chairman Tom Hogan welcomed the move by the pig processors noting that all factory bosses realise the seriousness of the financial situation that pertains on pig farms today, with margins over feed cost squeezed to unsustainably low levels due to the perfect storm of low pig price and a high feed cost. Feed costs have risen over 2018 and especially in the past weeks to sit at up to €1.15c/kg on most Irish pig farms.  After meeting the main export pig factory managers last week, Hogan said that all stakeholders, including the feed compounders will have to share the pain during this crisis and offer some reprieve to pig farmers.

Ireland’s percentage of the EU price has improved and is currently 93% of the EU average price as reported to the EU Commission for the week commencing 10/09/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending September 22nd 2018 was 65,023 head which was 2079 head less than the previous week and 1,461 more than in the corresponding week in 2017.

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

Sows 55c/kg DW.

Weekly Slaughtering’s:  Week-ending 22/09/2018 Pigs: 65,023 Sows: 2,014

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 10/09/18

Irish price                                            €1.37kg

EU–27 average price                         €1.47kg

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

September 4, 2018

Many pig farmers had realistically expected at least a 4c/kg price rise last Friday, but further disappointment when “no change” was once again reiterated around the main pig processors. Coupled with this, was the announcement by the main feed compounders, of pig feed price increases taking effect on 1st September, adding between 4c/kg and 8c/kg on the cost of production.  At this stage the crisis is having a real effect through the industry with no non-essential work taking place, reduced inseminations and a marked increase in the culling rate of sows recorded by the Department every week. IFA Pigs Chairman said, “it is only a price rise that will save many pig farmers from going out of business, and that’s where the IFA will focus on immediately. Time for talk is running short, and money is what is required now”.

Ireland’s percentage of the EU price has improved and is currently 90% of the EU average price as reported to the EU Commission for the week commencing 20/08/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending September 1st 2018 was 65,338 head which was 149 head more than the previous week and 1,529 more than in the corresponding week in 2017.

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

Sows 64c/kg DW.

Weekly Slaughtering’s:  Week-ending 01/09/2018 Pigs: 65,338 Sows: 2,158

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 20/08/18

Irish price                                            €1.37kg

EU–27 average price                         €1.52kg

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

August 30, 2018

Irish pig prices remained below €1.40c/kg with an average price quoted to regular suppliers of €1.38c/kg, but there has been some positive movement in price, granted small movement in the last week but never the less, from small beginning we must rise! The German market has remained 17/cg above the Irish quoted price at 1.55c/kg, and our nearest neighbours, and biggest import market, the UK, is 20 c/kg above the Irish price. IFA Pigs chairman, Tom Hogan called on every pig farmer to not accept the same price, and demand an increase. “Pig farmers have taken too much, the damage done over the past number of weeks to the pig sector of Ireland will take a long time to repair, with a number of pig units closing its doors and stopping insemination due to the deteriorating, financial situation even on the most efficient units”.

 Export Plants:  Top prices on a flat rate basis </= 140cent/kg in Karro and </= €138cent/kg in Dawn,  Staunton’s and Rosderra and </=€138cent/kg in Kepak.

Sows 50 – 55c/kg DW.

Weekly Slaughtering’s:  Week-ending 26/08/2017 Pigs: 65,202 Sows: 2,038

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 20/08/18

Irish price                                            €1.38kg

EU–27 average price                         €1.42kg

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

Ends.

 

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