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 16, 2019

While the main pig processors have left official quotes stagnant this week at €1.84-€1.86c/kg, there is a noticeable improvement in the appetite from factory procurement managers and agents to compete for pigs this week. This has led to deals being done above quotes, with the further north you travel, the higher the price. Plenty of farmers report an increase of 2c/kg for this week’s pigs.  While the main European markets remain pretty stable, IFA Pigs Chairman, Tom Hogan called on all processors to give an official 4c/kg pig price increase this Friday and pay all farmers at least €1.90c/kg. He said that the Chinese market is returning some spectacular prices and this has to be returned to the farmer.    

Ireland’s percentage of the EU price has improved and is currently 96% of the EU average price as reported to the EU Commission for the week commencing 30/9/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending October 12th 2019 was 67,509 head which was 1,787 more than the previous week and 764 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.84-€1.86/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.

Sows €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 12/10/19 Pigs: 65,569 Sows: 1,940

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 30/9/19

Irish price                                            €1.75kg

EU–27 average price                         €1.82kg

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

October 10, 2019

No change in the pig market in the last 7 days, reports to the IFA indicate that pig farmers are being quoted €1.84-€1.86c/kg by the main pig processors this week.  Spot loads and some of the more domestic focussed factories are paying higher than this again. The national pig kill remains very constant at 65,722 last week. ASF continues to dominate the pigmeat market headlines, with Rabobank predicting that China, the producer of 50% of the worlds pigmeat, will be down 50% in production in 2019. That’s a 25% reduction in the overall production in the world! Putting this into perspective, just 2% of the worlds pigmeat is normally traded between nations. It all points towards continued export demand from China and other effected countries in South East Asia, and steadily rising pig prices.   

Ireland’s percentage of the EU price has improved and is currently 96% of the EU average price as reported to the EU Commission for the week commencing 30/9/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending October 5th 2019 was 65,722 head which was 610 more than the previous week and 1,023 less than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.80-€1.82/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak. 

Sows €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 5/10/19 Pigs: 64,272 Sows: 1,450

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 30/9/19

Irish price                                            €1.75kg

EU–27 average price                         €1.82kg

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

September 25, 2019

No change in factory quotes for pigs again this week. Farmers report prices in the general range of €1.80c/kg up to €1.82c/kg, with the upper end becoming more common. The third quarter of the year normally sees an increase in production across Europe and a depression in the market but the high demand from China still dominates the market and the prospects for the future remain positive. Pig prices in China have also remained very high, hitting record prices in recent weeks. Commenting on the current trade, IFA pigs Chairman, Tom Hogan said that Irish pig farmers are being left short between 4c and 8c/kg every week since April of this year, and Irish pig prices have lagged behind the price of other EU exporting members states. Comparing Irish pig prices with Germany, Denmark and Spain, it is clear that there is significant scope for a price increase straight away.

Ireland’s percentage of the EU price has improved and is currently 95% of the EU average price as reported to the EU Commission for the week commencing 9/9/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending Sept 21st 2019 was 64,433 head which was 1,606 less than the previous week and 2,604 less than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.80-€1.82/kg in Staunton’s, Dawn Pork & Bacon, Rosderra and Kepak.

Sows €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 21/9/2019 Pigs: 62,743 Sows: 1,690

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 9/9/19

Irish price                                            €1.74kg

EU–27 average price                         €1.82kg

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

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