Pig market: 13/02/2017

Prices reported to IFA

Rosderra: = €1.64/kg

Dawn: = €1.62/kg

Staunton’s: = €1.62/kg

Kepak: = €1.64/kg

Karro: = €1.66/kg

(All prices dependent on grading of pigs)

Comment: Chair of the IFA pigs committee Tom Hogan welcomed an increase in pig prices from processors last Friday. The low base quotes of €1.58 all received an increase of 4c/kg last week. A price of €1.62 is now the lowest base price pig farmers should be quoted, but the variation above this level is still very much evident around the country. Competition between processors is leaving sellers with the upper hand in price negotiations and deals above €1.66 have been done to secure pigs. While the increase and trend is positive, Tom Hogan called on the processing sector to recognise the poor financial status on pig farms and the need for a sustained period of positive margins.