Pig Trade & Prices
The average price paid for grade E pig prices in Ireland for the week ending October 17th has remained unchanged at €1.59/kg. This is a decrease of 19c/kg on the same week last year. Irish prices currently sit 19c/kg above the EU Grade E price, which has fallen slightly in the past week again to €1.40/kg, as price pressure continues to mount on the main pigmeat export nations. EU average prices have been affected by successive price drops in German prices due to ASF cases, and pigmeat exports to China being suspended as a result.
A total of 72,513 pigs were sent for processing in Irish export plants during the week ending October 17th. This was an increase of 3,487 head on the previous week. Throughput for the same week 12 months ago was over 5,500 head lower, indicating that current demand for pigmeat in export markets continues to increase in 2020. So far in 2020, pig throughput levels are currently running 1.5% above 2019 levels, with 2,780,340 pigs sent for processing in the Republic so far this year. (+42,208)
See our weekly updated market trends.