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 20, 2017

No change in official quotes which remain at €1.70c/kg. Pig farmers are justifiably disappointed that Irish processors have failed to follow the European market, and pass back an increase over the past few weeks. On a positive note, there is a noticeable increase in activity from plants in the northern part of the country with reports of €1.74c/kg to €1.76c/kg being paid over recent days to secure sufficient supplies of pigs.  Spot loads delivered to some smaller processors have also achieved these prices recently, but pressure is building among pig farmers on the ground for an official lift in prices from the main export plants. IFA Pigs Chairman, Tom Hogan, called on the processing sector to lift pig prices in line with European price increases.  This price increase is required to go towards overdue maintenance on pig units, which could not be funded over recent years with pig prices below the cost of production.

Ireland’s percentage of the EU price has improved and is currently 94% of the EU average price as reported to the EU Commission for the week commencing 05/06/2017.

Factory pig throughput in Republic of Ireland export plants for the week ending June 10th 2017 was 52,826 head which was 10,006 head less than the previous week and 2,140 more than in the corresponding week in 2016.   Slaughtering’s in ROI export plants is -0.9% behind the same period in 2016.

Export Plants:  Top prices on a flat rate basis </= 172cent/kg in Karro, </=170 cent/kg in Staunton’s,  Dawn, Kepak and Rosderra.

Sows 95 – 110c/kg DW.

Weekly Slaughtering’s:  Week-ending 10/06/2017 Pigs: 52,826 Sows: 1,653

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 05/06/17

Irish price                                            €1.65kg

EU–27 average price                         €1.76kg

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

June 13, 2017

Prices remained relatively static yet again this week, in spite of the continued upward trend in the major European pig producer’s prices. With the German pig price at 1.81c/kg, the difference the average Irish pig farmer is losing at the current Irish price of €1.70/kg, is around €2,500 per week. IFA Pigs Chairman, Tom Hogan called on the processing industry to increase pig prices this Friday to reflect the positive trade in pork and bacon on the home and export markets. With official Irish quotes remaining around €1.70c/kg, and the European market powering ahead, the viability of exporting weaners to the continent is becoming a likely option for Irish pig farmers. With a reduction in the EU sow herd and lower slaughtering’s this year, there is a growing demand for weaner pigs to go into specialised fattening units. Without an immediate increase in the Irish pig price, this is a realistic option that pig farmers will explore.

Ireland’s percentage of the EU price has improved and is currently 94% of the EU average price as reported to the EU Commission for the week commencing 29/05/2017.

Factory pig throughput in Republic of Ireland export plants for the week ending June 3rd 2017 was 62,832 head which was 709 head more than the previous week and 422 more than in the corresponding week in 2016.   Slaughtering’s in ROI export plants is -1.1% behind the same period in 2016.

Export Plants:  Top prices on a flat rate basis </= 172cent/kg in Karro, </=170 cent/kg in Staunton’s,  Dawn, Kepak and Rosderra.

Sows 95 – 110c/kg DW.

Weekly Slaughtering’s:  Week-ending 03/06/2017 Pigs: 62,832 Sows: 1,452

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 29/05/17

Irish price                                            €1.65kg

EU–27 average price                         €1.76kg

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

June 7, 2017

Official pig price quotes remain static around the €1.70c/kg mark reported IFA Pigs Chairman, Tom Hogan. Irish pig farmers need to have the current market returns which are evident across the main pig producing countries of Europe reflected in an immediate price increase, Hogan stated. There has been upward movement in both the slaughter pig price and weaner trade, in Germany, Holland, Spain, the UK and France over the past few weeks with processors in these countries paying significantly above the Irish price of €1.70c/kg. Ireland is now well below the EU average price and this is not a situation that can be sustained going forward. In order for Irish Pig Farmers to compete, we have to at least follow the trade of our European neighbours. Hogan called on all pig processors to lift pig prices up to €1.80c/kg.

Ireland’s percentage of the EU price has improved and is currently 94% of the EU average price as reported to the EU Commission for the week commencing 22/05/2017.

Factory pig throughput in Republic of Ireland export plants for the week ending May 27th 2017 was 62,123 head which was 891 head less than the previous week and 1,609 more than in the corresponding week in 2016.   Slaughtering’s in ROI export plants is -1.2% behind the same period in 2016.

Export Plants:  Top prices on a flat rate basis </= 170cent/kg in Karro, Staunton’s and Dawn, </=168 cent/kg in Kepak and Rosderra.

Pork Slaughters: The price range is </=160 cent/kg.

Sows 95 – 100c/kg DW.

Weekly Slaughtering’s:  Week-ending 27/05/2017 Pigs: 62,123 Sows: 2,066

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 22/05/17

Irish price                                            €1.65kg

EU–27 average price                         €1.75kg

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

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