Chairman of the IFA Pigs Committee, Tom Hogan has reported the Irish pig price remained relatively stable again this week.
Quotes from processors remained in the range of €1.66- €1.70/kg with most deals agreed at the upper end of this range, according to Mr Hogan.
He said: “Reports from pig farmers around the country indicate that processors are not willing to lose pigs over a few cents and procurement managers are willing to pay above the lower quotes to secure supplies. A few deals up to €1.72c/kg were reported for spot loads and lighter pigs.”
Positive movement was also seen in Europe, with the EU pig prices lifting significantly in the past week. With all main export markets, and the domestic market remaining positive over the Easter holiday period, Mr Hogan said there is justifiable optimism for increases in the Irish pig prices in the coming weeks.
“Ireland’s percentage of the EU price has improved and is currently 99 per cent of the EU average price as reported to the EU Commission for the week commencing April 3.
Factory pig throughput in the Republic of Ireland (ROI) export plants for the week ending April 8 was 63,875 head, which was 2,447 head more than the previous week and 13 more than in the corresponding week in 2016. Slaughtering’s in ROI export plants is -0.8 per cent behind the same period in 2016.”