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 12, 2019

Last weeks kill of 66,589 pigs is the first, uninterrupted production week that did not exceed 70,000 pigs, indicating that the backlog of factory fit pigs that had built up on most farms has been cleared.

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February 6, 2019

No change from Irish processors with Irish pig farmers receiving €1.38-€1.42/kg. Demand from factories is meeting supply with no issues getting an extra load of pigs away this week. Last weeks kill remained high with just over 70 thousand throughput. The low and stagnant pig price which has pertained for the past 12 months has had a devastating effect on the financial stability of Irish pig farmers. Some have had no choice but to cease serving sows and wind up production, with others putting their units on the market for sale. Looking forward in the coming weeks, no one would argue that a major lift in prices is required for the sector to continue. The ongoing ASF outbreaks in China and loss of over 1 million pigs from their domestic herd, is hoped to give rise to an increase in demand, with Ireland in a good position to benefit from this anticipated trade shift. 

Ireland’s percentage of the EU price has improved and is currently 102% of the EU average price as reported to the EU Commission for the week commencing 21/1/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending February 2nd 2019 was 70,070 head which was 2,544 head less than the previous week and 4,208 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.42/kg in Staunton’s and Dawn Pork & Bacon, >/= €1.38/kg in Rosderra and Kepak.

Sows 50c/kg DW.

Weekly Slaughtering’s:  Week-ending 2/2/2019 Pigs: 67,855 Sows: 2,215

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 21/1/19

Irish price                                            €1.37kg

EU–27 average price                         €1.34kg

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

January 30, 2019

At last some signs of positive movement on the European price, with the German price increasing by 4c/kg this week. The backlog of numbers cased across by the Christmas break and significant overhang of stocks of meat in storage, which has depressed the overall pigmeat market for a number of months, seems to at last have some signs of rectifying itself. There is no change this week with Irish pig farmers receiving €1.38-1.42c/kg. African Swine fever (ASF) continues to cause major disruption to production across the Asian market, with disturbing reports of huge numbers of pigs culled to the disease. In Europe, biosecurity measures have been heightened to prevent ASF entering into the commercial pig units in France Germany and Denmark.  Ireland needs to do likewise to ensure the island remains ASF free. 

Ireland’s percentage of the EU price has improved and is currently 101% of the EU average price as reported to the EU Commission for the week commencing 14/1/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending January 26th 2019 was 72,614 head which was 2,569 head more than the previous week and 4,628 more than in the corresponding week in 2018.

Export Plants:  Top prices on a flat rate basis </= €1.42/kg in Staunton’s and Dawn Pork & Bacon, >/= €1.38/kg in Rosderra and Kepak.

Sows 50c/kg DW.

Weekly Slaughtering’s:  Week-ending 26/1/2019 Pigs: 70,203 Sows: 2,411

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 14/1/19

Irish price                                            €1.38kg

EU–27 average price                         €1.36kg

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

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