IFA National Pigs Committee Chairman Pat O’Flaherty said Irish pig farmers are becoming increasingly frustrated at the processors decisions to halt prices in recent weeks.
Despite market improvements, farmers have failed to receive any price increase in the past month. According to Rabobanks latest report market prospects for EU pig producers for the second half of 2016 are expected to be helped by tight EU supplies combined with Chinese import demand remaining at elevated levels.
However, this must be reflected in higher farm gate prices immediately. On the continent, prices remained stable this week. However average EU prices are currently €1.63/kg (excluding VAT). UK pig prices continued their recent increases for this week, with strong demand for bacon and cutter pigs.
Ireland is currently 93.5% of the EU average price as reported to the EU Commission (wk beginning 18/07/2016).
Factory pig throughput in Republic of Ireland export plants for the week ending July 23rd 2016 was 62,361 head which was 146 head less than the previous week and 3,030 more than in the corresponding week in 2015. Slaughtering’s in ROI export plants is 5.7% 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: 73 – 75c/kg DW.
Weekly Slaughtering’s: Week-ending 23/7/2016 Pigs: 60,355 Sows: 2,006
EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 18/7/16
- Irish price - €1.52kg
- EU–27 average price - €1.62kg
(Grade E pigs – 55% to 60% lean meat excluding VAT but including transport and bonuses).
Pig prices reported to IFA week-commencing 01/08/16
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)