This was the update given by the IFA’s Chairman of the Pigs Committee, Tom Hogan.
Ireland’s pig farmers I am sure were looking to this week with optimism after last week saw southern plants paying increased prices of 4c/kg.
Tom Hogan did say though that last week’s increases have spurred other buyers top increase their prices.
Reports this week from suppliers say that unofficial increases of between 2 and 4 cents are being paid.
This leaves pig prices are currently varying from €1.72 up to €1.74 per kilogram.
Northern plants are reportedly paying up to €1.78 per kg, due to them being anxious for stock.
Last week’s kill numbers just cleared the 61,000 mark, for the full five day week.
With demand remaining tight, it suggests that pig prices could be set for further increases in the coming week.
Irelands pig prices, in comparison to our European counterparts, remains at 94% of their prices like last week.
Factory throughput meanwhile for the week ending in July is at 107 more than this time last year, at 62,542 head.
While slaughtering’s in Export plants are 0.7% down on last year.
Tope export plant prices paid was 174cent per kg, and was received in Staunton’s, Karro and Dawn. While Kepak and Rosderra both paid 172cents per kg.
Irish Pig meat prices stay at 1.67kg this week, while the EU prices are 1.77kg.