Pig market: 24/07/2017

Prices reported to IFA

Comment: It was another positive week for pig farmers, with demand from all processors forcing the trade to continue its slow upward trend. No official price rises were reported, but pig prices reported by the Department of Agriculture show that prices have continued to increase and have moved on by 4c/kg in the month of July. Pig farmers report prices from a low of €1.72 up to €1.76c/kg buying the majority of pigs this week. Strong demand from processors for the last few loads of pigs to fill their weekly demand resulted in stronger prices for some spot loads and prices up to €1.80c/kg have been reported. The future outlook for the pig market has improved as a result of the recent EU-Japanese trade agreement, which will see all EU pigmeat imports, including Irish pigmeat, into Japan attract reduced tariffs from 2018 onwards.