Pig market: 09/01/2017

Prices reported to IFA

Rosderra: = €1.58/kg

Dawn: = €1.58/kg

Staunton’s: = €1.58/kg

Kepak: = €1.57/kg

Karro: = €1.60/kg

(All prices dependent on grading of pigs)

Comment: Chair of the IFA pigs committee Tom Hogan called on all processors to increase the price of pigs across the board. Demand into the new year has remained strong from all processors and a price of €1.60/kg has been obtained, with a top price of €1.62/kg reported. A price increase is required if Irish pig farmers are to recoup the losses sustained in both 2015 and 2016, where losses of 8c/kg and 4c/kg were sustained. There was more positive news from the German pig sector last week with an additional 5c/kg increase in finished pig price, following a 4c/kg increase the previous week, reflecting the strong demand across the EU.