Pig market: 16/01/2017

Prices reported to IFA

Rosderra: = €1.60/kg

Dawn: = €1.60/kg

Staunton’s: = €1.60/kg

Kepak: = €1.58/kg

Karro: = €1.62/kg

(All prices dependent on grading of pigs)

Comment: Chair of the IFA pigs committee Tom Hogan said that solid demand from processors has resulted in a 2c/kg increase in prices being paid for pigs this week. Strongest demand is reported to be coming from the northern part of the country and across the border in Northern Ireland. Hogan welcomed this increase, but called on the processing industry to be mindful of the delicate financial status on pig farms across Ireland, after the well-documented difficulties of the past two years. The current price is covering the cost of production, but the financial losses sustained needs to be recouped in 2017 to ensure Ireland’s third-largest agricultural sector survives.