No movement in this week’s pig prices
As the gap continues to increase between EU and Irish average prices, prices remain the same from last week.
As we reported last week the averaged EU price has increased in recent months, although the Irish price still remains unmoved. This is even though the pig market has seen rising trade levels
in recent times.
This comes at a time where Irish farmers have been going through difficult periods and have been selling stock at low prices. This means they were not making significant if any profits as the
prices received for pigs did not outweigh production costs.
The IFA’s Pig Chairman, Tom Hogan, called on the processing industry to increase prices this week, saying they are long overdue. That being said Ireland’s percentage of average EU prices has
risen ever so slightly to 94%. Factory pig throughput in export plants across the country was 63,014 head, this was for the week ending May 20th.
This represents a decrease of 1,220 head less than the previous week and 502 less than the same time last year. Ireland’s export plants slaughtering’s are -1.4% down from the same time last year.
The Irish pig price remains 10c/kg below the German pig price at the moment. On a flat rate basis the top prices were 170c/kg in Karro, Staunton’s and Dawn. While Kepak and Rosderra prices were 168 cent/kg.
For pork slaughters the price remains 160c/kg, Sows came in at 95-100c/kg.
Irish price: €1.64kg EU price average: €1.74p/kg