Pig Market sees a rise of 4c/Kg this week


A look at the Pig market this week as factories passed back a further 4c/kg this week

Pig Market sees a rise of 4c/Kg this week

  • ADDED
  • 3 years ago

A look at the Pig market this week as factories passed back a further 4c/kg this week

IFA National Pigs Committee Chairman Pat O’Flaherty said pig farmers are generally satisfied that the factories that passed back a further 4c/kg this week are genuinely trying to reflect the market realities that are currently positive for their pig meat sales.

The bottom line is that the export market is very strong, imports into this country are lower this year and our retail trade continues to support Irish producers.

Any fall off in this is being watched closely by IFA and will be targeted as the home market and export market are equally as important as each other at this juncture.

This price increase will bring the Irish price closer to the EU average but we are still considerably behind, especially the factory that is lagging by 4c/kg jeopardizing the future viability of their suppliers.

Ireland is currently 93% of the EU average price as reported to the EU Commission (wk beginning 15/08/2016).

Factory pig throughput in Republic of Ireland export plants for the week ending Aug 20th 2016 was 61,960 head which was 566 head more than the previous week and 2,058 more than in the corresponding week in 2015.

Slaughtering’s in ROI export plants is 5.8% ahead of the same period in 2015.

Export Plants:

Top prices on a flat rate basis </= 164/kg cent/kg in Dawn and </=162 cent/kg in Rosderra Meats, Karro Northern Ireland ~164c/kg.

Pork Slaughters: The price range is </=164 cent/kg.

Sows: 80 – 88c/kg DW.

Weekly Slaughtering’s: Week-ending 20/08/2016 Pigs: 61,960 Sows: 1,582

EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 15/08/16

  • Irish price €1.52kg
  • EU–27 average price €1.64kg

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

Pig prices reported to IFA week-commencing 29/08/16

  • Rosderra </= €1.62/kg
  • Dawn</= €1.64/kg
  • Staunton’s</= €1.64/kg
  • Kepak </= €1.62/kg
  • Karro </= €1.64/kg

(All prices dependent on grading of pigs)

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