Pig Market Commentary

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

December 6, 2017

Following the 4c/kg price drop imposed by 2 processors 2 weeks ago, the remaining processors, including Dawn Pork and Bacon and Staunton’s followed with 4c/kg price reductions for this week’s kill. The range of quotes farmers are getting this week is averaging around €1.50c/kg with lows of €1.48c/kg being all too common. Official prices reported by the Department of Agriculture show that the pig price is now 6c/kg lower than the same week last year, 2016, which was by all accounts a very poor year financially for Irish pig producers. Chairman of the IFA Pigs Committee, Tom Hogan, called all pig processors to halt the pig price slide and return some much-needed stability to the pig farming sector. The Christmas ham season is in full swing, but worryingly, the volumes of imported hams is a feature of the market place once again this year.  Hogan called on all consumers to buy locally produced pigmeat this Christmas.

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 20/11/2017.

Factory pig throughput in Republic of Ireland export plants for the week ending November 25th 2017 was 70,316 head which was 548 head less than the previous week and 6,062 more than in the corresponding week in 2016.   Slaughtering’s in ROI export plants is 1.2% ahead the same period in 2016.

Export Plants:  Top prices on a flat rate basis </= €1.48c/kg in Kepak and Rosderra, </= €1.48-€1.50c/kg in Staunton’s and €1.50c/kg in Dawn and Karro.

Sows 65 – 80c/kg DW.

Weekly Slaughtering’s:  Week-ending 25/11/2017 Pigs: 70,316 Sows: 1,972

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 20/11/17

Irish price                                            €1.49kg

EU–27 average price                         €1.45kg

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

November 29, 2017

Disappointing news for pig farmers suppling both Rosderra and Kepak last Friday, with the announcement of a 4c/kg reduction to be imposed on this week’s pig price. This leaves quotes at or below the breakeven price of production at €1.48c/kg – €1.50c/kg in both of these processors. In the south of the country, both Staunton’s and Dawn Pork and Bacon held quotes at the previous week’s levels of €1.52c/kg – €1.54c/kg. There was another big kill with over 72,000 pigs slaughtered last week, but all reports are that the pigmeat market is very resilient with solid demand. It’s a similar situation across Europe in recent weeks, with an increase in numbers slaughtered in the last few weeks and pressure on farmer price. Its extremely worrying that after a few short months of a decent price, with a margin over costs, that pig farmers once again are faced with a pig price that is not covering the costs of production.

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 13/11/2017.

Factory pig throughput in Republic of Ireland export plants for the week ending November 18th 2017 was 70,864 head which was 3,360 head more than the previous week and 3,996 more than in the corresponding week in 2016.   Slaughtering’s in ROI export plants is 1% ahead the same period in 2016.  

Export Plants:  Top prices on a flat rate basis </= €1.48-€1.50c/kg in Kepak and Rosderra and €1.52c/kg – €1.54c/kg  in Dawn and Staunton’s.

Sows 65 – 80c/kg DW.

Weekly Slaughtering’s:  Week-ending 18/11/2017 Pigs: 70,864 Sows: 1,798

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 13/11/17

Irish price                                            €1.49kg

EU–27 average price                         €1.45kg

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

November 21, 2017

Chairman of the IFA Pigs Committee, Tom Hogan, said the Irish pig price remained relatively the same this week.  Quotes from processors remain settled in the range of €1.52/kg- €1.54c/kg.  The very high kill last week, 72,662, reflects both improved performance on pig farm across Ireland, and the seasonal high demand for pigs.   While the pig price has taken a number of reductions in recent months, the market for pigmeat remains very robust. The domestic market is particularly strong with all wholesalers and retailers very anxious to ensure they have sufficient stocks for the festive period. A number of the smaller, non-export pig processors typify this demand with €1.56-1.58/kg being talked about for a slightly lighter carcass from these domestic slaughter plants.

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 06/11/2017.

Factory pig throughput in Republic of Ireland export plants for the week ending November 11th 2017 was 67,504 head which was 13,560 head more than the previous week and 3,719 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 </= €152-€154cent/kg in Dawn, Staunton’s Kepak and Rosderra and </= 156 cent/kg in Karro.

Sows 65 – 80c/kg DW.

Weekly Slaughtering’s:  Week-ending 11/11/2017 Pigs: 67,504 Sows: 1,838

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 06/11/17

Irish price                                            €1.49kg

EU–27 average price                         €1.46kg

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

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