Pig Market Commentary

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

January 16, 2020

Prices for pigs remain at similar quotes, with €1.96/kg being achieved by most farmers. The pig market in continental Europe has seen a number of significant price decreases in recent weeks. The German pig price has reduced down to €1.82/kg this week, it is important to realise these markets are more volatile than the Irish market. While the home domestic market remains a key outlet for Irish produce, export destinations such as China are a great boost, but we are not as reliant as many of the pigmeat export nations in the EU, such as Germany.  Volatility on the down side in other pig markets is balanced by increased volatility on the up side, with German pig price exceeding €2.05/kg for a number of weeks in the run up to Christmas ‘19. What is clear on the home front, there is no build-up of pig numbers on farms and there is a market for every pig.

Ireland’s percentage of the EU price has improved and is currently 98% of the EU average price as reported to the EU Commission for the week commencing 30/12/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending January 11th 2020 was 69,745 head which was 14,536 more than the previous week and 335 more than in the corresponding week in 2019.

Export Plants:  Top prices on a flat rate basis </= €1.94/kg in Staunton’s, </= €1.96/kg in Dawn Pork & Bacon, Rosderra and Kepak and </= €1.98/kg in Karro.

Sows €1.30/kg DW.

Weekly Slaughtering’s:  Week-ending 11/1/20 Pigs: 67,829 Sows: 1,916

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 30/12/19

Irish price                                            €1.90kg

EU–27 average price                         €1.93kg

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

January 8, 2020

Its back to normality after two interrupted weeks over the Christmas period. Forward planning by both pig farmers and factories saw an increased kill in the run up to the end of December and there are no reports of any significant build up of factory fit stock on farms. On the pig price, it remained stable for the past few weeks and looks likely to remain so. While other European countries saw good increases in December, rising above €2/kg, these record prices have since fallen back to €1.95/kg. Quotes in Ireland never saw these peaks, but we should not expect to see any negative movement in January according to IFA Pig Chairman Tom Hogan. The 2020 outlook remains positive, with Teagasc predicting an average pig price in 2020 of €2.15/kg. This good price is entirely dependent on Ireland remaining free from ASF.  Ear to the Ground are covering the deadly pig disease on RTE, Thursday at 7pm.

Factory pig throughput in Republic of Ireland export plants for the week ending January 5th 2020 was 55,209 head which was 38,682 more than the previous week and 264 more than in the corresponding week in 2019.

Export Plants:  Top prices on a flat rate basis </= €1.94/kg in Staunton’s, </= €1.96/kg in Dawn Pork & Bacon, Rosderra and Kepak and </= €1.98/kg in Karro.

Sows €1.30/kg DW.

Weekly Slaughtering’s:  Week-ending 5/1/20 Pigs: 53,397 Sows: 1,812

December 18, 2019

The pig trade remains very steady with no change in prices yet again. Hopes of a pre-Christmas price rise to reach €2/kg have rescinded as the next two festive weeks, with limited production, will not leave pig farmers with much bargaining power. This situation will only be short term as all pigmeat markets are being underpinned by the worldwide shortage of product caused by ASF in China. While Chinese buying activity may have being seasonally reduced of late, it will increase again as we enter 2020. Teagasc predict €2.15c/kg as the Irish pig price for the coming year and previous predictions by the pig department in Teagasc haven’t been far off the mark. The threat of ASF (African Swine Fever) to Ireland remain a constant worry to the pig industry and IFA continue to lobby the Department of Agriculture to increase border checks on imported pigmeat product.

Ireland’s percentage of the EU price has improved and is currently 97% of the EU average price as reported to the EU Commission for the week commencing 2/12/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending December 14th 2019 was 75,779 head which was 2,603 more than the previous week and 2,237 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.94/kg in Staunton’s, </= €1.96/kg in Dawn Pork & Bacon, Rosderra and Kepak and </= €1.98/kg in Karro.

Sows €1.30/kg DW.

Weekly Slaughtering’s:  Week-ending 14/12/19 Pigs: 75,779 Sows: 2,603

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 2/12/19

Irish price                                            €1.89kg

EU–27 average price                         €1.95kg

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

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