IFA National Pigs Committee Chairman Pat O’Flaherty said farmers are now entering the 6th consecutive week without any price increase.
This is completely unacceptable actions by processors as Irish prices fall further behind the EU average. Irish farmers have not exceeded breakeven point since October 2014 (Source: Teagasc) and cannot continue to operate without a healthy margin for the remainder of 2016.
Across the continent prices remained relatively stable while the UK continued their upward price movement on the back of strong demand from processors. Sow prices continue to push ahead with over 80c/kg being offered for culls this week. It is imperative that pig prices follow this trend in the coming weeks.
Ireland is currently 93% of the EU average price as reported to the EU Commission (wk beginning 25/07/2016).
Factory pig throughput in Republic of Ireland export plants for the week ending July 30th 2016 was 60,967 head which was 612 head more than the previous week and 1,489 more than in the corresponding week in 2015. Slaughtering’s in ROI export plants is 6.1% ahead of the same period in 2015.
Export Plants: Top prices on a flat rate basis </= 156/kg cent/kg in Dawn and </=155 cent/kg in Rosderra Meats, Karro Northern Ireland ~156c/kg.
Pork Slaughters: The price range is </=156 cent/kg.
Sows: 77 – 82c/kg DW.
Weekly Slaughtering’s: Week-ending 30/7/2016 Pigs: 60,967 Sows: 1,877
EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 27/7/16
Irish price €1.52kg
EU–27 average price €1.63kg
(Grade E pigs – 55% to 60% lean meat excluding VAT but including transport and bonuses).
Pig prices reported to IFA week-commencing 08/08/16
Rosderra </= €1.55/kg
Dawn </= €1.56/kg
Staunton’s </= €1.56/kg
Kepak </= €1.54/kg
Karro </= €1.56/kg
(All prices dependent on grading of pigs)
IFA National Pigs Committee Chairman Pat O’Flaherty said prices were static again on Friday as farmers enter the 6th week of unchanged prices.
The current prices being offered are just hitting breakeven according to Teagasc figures and this is the first time in almost 2years producers have reached this point. Therefore, it is vital that prices increase further to ensure farmers can realise a margin for the remainder of 2016. On the continent prices were relatively stable while across the water in the UK prices continued their upward movement with strong demand from processors. Sow prices continue to push ahead with over 80c/kg being offered for culls this week. It is imperative that pig prices follow this trend in the coming weeks.