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 4, 2019

There was no change in quotes from processors last Friday for this week’s pigs, with Rosderra, Dawn Pork & Bacon, Staunton’s and Kepak all remaining on quotes of €1.94-€1.96/kg. Spot loads and some of the more home market focused factories have given up to €1.98/kg this week to secure pigs. The situation across continental Europe has improved over the past 2 weeks with a number of pig price increases putting the farmer price well above €2/kg. IFA Pig Chairman, Tom Hogan said that the factories here must respond with a price increase across the board. It is obvious that there is a good return being made with such demand for pigmeat from China and a good home market in the run up to Christmas. Regarding ASF, Hogan said that the IFA met the Department of Agriculture this week to highlight the need for increased vigilance at all ports and airports.

Ireland’s percentage of the EU price has improved and is currently 100% of the EU average price as reported to the EU Commission for the week commencing 18/11/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending November 30th 2019 was 70,228 head which was 1,066 less than the previous week and 288 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 €1.20/kg DW.

Weekly Slaughtering’s:  Week-ending 30/11/19 Pigs: 68,688 Sows: 1,540

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 18/11/19

Irish price                                            €1.89kg

EU–27 average price                         €1.88kg

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

November 27, 2019

Pig factories are holding firm on quotes, with €2/kg remaining elusive to most pig farmers. Quotes range from a low of €1.94/kg but most farmers report receiving between €1.96-€1.98/kg. IFA Pigs Chairman Tom Hogan said pig prices have taken a significant increase on European markets and that returns for processors have never been as good. Regarding the outlook for pig production, the story remains all about China and the massive pork deficit that is going to influence pigmeat across the world into 2020 and beyond. This deficit is being caused by African Swine Fever (ASF) in China and neighbouring Asian countries. Hogan called on increased awareness and vigilance, especially at Ireland airports. ASF positives continue to be reported in wild boar across eastern Europe. Worryingly a case of ASF in wild boar was reported in Poland last week within 100km of the German border.

Ireland’s percentage of the EU price has improved and is currently 99% of the EU average price as reported to the EU Commission for the week commencing 11/11/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending November 23rd 2019 was 71,294 head which was 3,046 more than the previous week and 126 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 €1.20/kg DW.

Weekly Slaughtering’s:  Week-ending 23/11/19 Pigs: 69,339 Sows: 1,958

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 11/11/19

Irish price                                            €1.83kg

EU–27 average price                         €1.84kg

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

November 13, 2019

Demand from processors has led to a 4c/kg rise in the pig price. This leaves the price farmers are quoted this week ranging from €1.94c/kg up to a common price of €1.96c/kg.  The trend and outlook for pig price remains positive with processors and exporters struggling to meet the demand for product from buyers. With today’s pig price, IFA pig Chairman said the financial opportunity remains for some secondary processors to import cheaper pork product in place of Irish pigmeat.  Hogan said the IFA is committed to ensuring maximum use of Irish pigmeat and is continuing with its DNA testing programme. This ensures pork and bacon products labelled as Irish are what they’re supposed to be.  

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 28/10/2019.

Factory pig throughput in Republic of Ireland export plants for the week ending November 9th 2019 was 68,604 head which was 12,562 more than the previous week and 1,427 more than in the corresponding week in 2018.

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

Sows €1.00/kg DW.

Weekly Slaughtering’s:  Week-ending 9/11/19 Pigs: 68,604 Sows: 2,017

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 28/10/19

Irish price                                            €1.79kg

EU–27 average price                         €1.83kg

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

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