Pig prices remain the same to last week’s quotes as Irish Processors fail to follow the lead of their EU counterparts.
Prices remain at €1.70 c/kg this week as farmers grow increasingly frustrated.
Pig prices throughout Europe have increased slightly in recent weeks, though Ireland have yet to follow suit.
There is some positive news however as some plants in the Northern parts of the country have overseen increased prices of €1.74 c/kg and even €1.76 c/kg in places to make up for short supplies.
Spot loads delivered to some smaller processors have also achieved these prices recently, but pressure is building among pig farmers on the ground for an official lift in prices from the main export plants
IFA Pigs Chairman, Tom Hogan, has called on the Irelands Processors to lift pig prices in line with European price increases. He says that this price increase is required to go towards maintenance on pig units.
This he says, could not be funded over recent years with pig prices below the cost of production.
This week Ireland’s percentage of the EU price has improved and is currently 94% of the EU average priceas reported to the EU Commission for the week commencing 05/06/2017.
Factory pig throughput in Republic of Ireland export plants for the week ending June 10th 2017 was reported at 52,826 head. This represents 10,006 head less than the previous week and 2,140 more than in the corresponding week in 2016.
Slaughtering’s in ROI export plants is -0.9% behind the same period in 2016.
Export Plants: Top prices on a flat rate basis </= 172cent/kg in Karro, </=170 cent/kg in Staunton’s, Dawn, Kepak and Rosderra.
Sows: 95 – 110c/kg DW.
Weekly Slaughterings: Week-ending 10/06/2017 Pigs: 52,826 Sows: 1,653
Irish price €1.65kg
EU–27 average price €1.76kg
(Grade E pigs – 55% to 60% lean meat excluding VAT but including transport and bonuses).