Pig market: 09/02/2016

Prices reported to IFA

Rosderra: = €1.39/kg

Dawn: = €1.40/kg

Staunton’s: = €1.40/kg

Kepak: = €1.38/kg

Karro: = €1.39/kg

(All prices dependent on grading of pigs)

Comment: IFA national pigs committee chair Pat O’Flaherty said both domestic and EU prices remained relatively stable this week. However, France and Spain received small increases, while in Belgium and the Netherlands prices decreased slightly.

The UK this week reported that income for pig farmers is predicted to hit an eight-year low with incomes showing a 46% fall year on year, the largest year-on-year decrease on record. According to the latest Rabobank report, the global pork industry will see some improvements going into Q2 2016. However, the reality is producers need a price lift before March to survive.