Pig market: Week beginning 20/10/2014

Prices reported to IFA

Rosderra: /= €1.59/kg

Dawn: /= €1.60/kg

Staunton’s: /= €1.58/kg

Kepak: /= €1.59/kg

Karro: /= €1.61/kg

(All prices dependent on grading of pigs)

Comment: Chairman of the IFA Pigs Committee Pat O’Flaherty said it is positive to see pig prices in the EU stabilising and Irish prices also unchanged. DAFM figures show that factories slaughtered larger numbers year-on-year, but this year’s figures are still behind the numbers processed on the island year-to-date in 2012, as 2013 was a poor year for throughput. There were sales for this product in 2012 and prices in the last quarter of the year averaged €1.71/kg. How big a role was Russia in securing this price? Political action required.