Pig Market Commentary

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

February 21, 2018

The main export plants have held quotes at last week’s price with €1.40c/kg buying the majority of pigs, with the usual variation and agreements in place between processors and suppliers. A number of the smaller, local pig processors have returned improved prices this week, with increases of 4c/kg, resulting in prices of €1.44c/kg-€1.46ckg obtained this week. While the national kill of pigs remains strong in the Republic of Ireland with 68,654 pigs slaughtered last week, demand, both domestically and from international markets has improved dramatically compared with previous months. Recent improvement across the EU continued with further pig price increases last week, with many exporting pig producing nations now ahead of the Irish pig price. The need for price improvement from the main export pig processors this week is clear, and IFA Pigs Chairman Tom Hogan called on all pig farmers to demand this justified increase.

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 05/02/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending February 10th 2018 was 66,047 head which was 185 head more than the previous week and 2,301 more than in the corresponding week in 2017.   Slaughtering’s in ROI export plants is 1.1% ahead the same period in 2017.

Export Plants:  Top prices on a flat rate basis </= €1.40c/kg in Kepak, Rosderra, Staunton’s and   Cookstown and </= €1.42/ €1.44c/kg in Dawn Pork and Bacon.

Sows 60 – 75c/kg DW.

Weekly Slaughtering’s:  Week-ending 10/02/2018 Pigs: 66,047 Sows: 1,877

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 05/02/18

Irish price                                            €1.38kg

EU–27 average price                         €1.37kg

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

 

February 14, 2018

No change in the Irish pig price for this week, but the mood has definitely changed and the talk of sluggish markets and plentiful supply of pigs has disappeared dramatically. Pig farmers are still averaging a low pig price of €1.40-€1.42c/kg this week which is conservatively 10c/kg below todays cost of production. Looking at official factory prices published by the Department of Agriculture, last week’s price is 16c/kg below this week last year, and it was only around mid-February 2017 that the pig price rallied upwards. The German pig price has increased by 10c/kg in recent days, and the number of pigs presented for processing has dropped significantly. IFA pigs Chairman, Tom Hogan, said Irish pig farmers have taken enough financial pain and he called on all processors to increase the pig price significantly, and he pointed towards the much-improved European market place, and increasing demand from Asian markets as justification.

Ireland’s percentage of the EU price has improved and is currently 103% of the EU average price as reported to the EU Commission for the week commencing 29/01/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending February 3rd 2018 was 65,862 head which was 1,418 head less than the previous week and 5,011 more than in the corresponding week in 2017.   Slaughtering’s in ROI export plants is 3.9% ahead the same period in 2017.  

Export Plants:  Top prices on a flat rate basis </= €1.40c/kg in Kepak, Rosderra, Staunton’s and   Cookstown and </= €1.42/ €1.44c/kg in Dawn Pork and Bacon.

Sows 60 – 75c/kg DW.

Weekly Slaughtering’s:  Week-ending 27/01/2018 Pigs: 67,280 Sows: 1,905

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 29/01/18

Irish price                                            €1.38kg

EU–27 average price                         €1.34kg

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

February 7, 2018

No change in the Irish pig price again this week. Most regular suppliers to their processor are receiving around the €1.40c/kg mark for their pigs. There is no doubt that there are some pig farmers, especially those with smaller consignments of pigs to sell, being forced to accept less than this price this week. Conversely, regular suppliers are receiving 2-4c/kg above the €1.40c/kg price from their processors. Finally, there is positive news on the price, with news of a 3c/kg rise in pig price being paid by German processors this week. Albeit, form a low base price, any increase is positive and indicates that the spiral into financial crisis on all European pig farms may be at an end. To prevent this crisis developing on Irish pig farms, an increase in the pig price is imperative in the month of February, and with increasing costs, a price in excess of €1.50c/kg needs to be realised in the very near future.

Ireland’s percentage of the EU price has improved and is currently 103% of the EU average price as reported to the EU Commission for the week commencing 22/01/2018.

Factory pig throughput in Republic of Ireland export plants for the week ending January 27th 2018 was 67,280 head which was 706 head less than the previous week and 1,836 more than in the corresponding week in 2017.   Slaughtering’s in ROI export plants is 2.8% ahead the same period in 2017.

Export Plants:  Top prices on a flat rate basis </= €1.40c/kg in Kepak, Rosderra, Staunton’s and   Cookstown and </= €1.42/ €1.44c/kg in Dawn Pork and Bacon.

Sows 60 – 75c/kg DW.

Weekly Slaughtering’s:  Week-ending 27/01/2018 Pigs: 67,280 Sows: 1,905

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 22/01/18

Irish price                                            €1.38kg

EU–27 average price                         €1.34kg

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

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