The Irish pig price remains at €1.70 to €1.76c/kg this week with no change.
Ireland’s percentage of the EU price has increased and is currently 101 per cent of the EU average price as reported to the EU Commission for the week commencing 29 May, 2021.
In the last week 58,000 pigs were processed following the bank holiday, compared to the usual 70,000. A strong supply of pigs has been reported with the throughput running three per cent ahead of 2020.
However, a processing supply chain backlog after the June bank holiday, illustrates the lack of spare capacity in Ireland’s pig sector.
Factory pig throughput in Irish export plants for the week ending 13 June, 2021, was 58,552 head which was 14,796 less than the previous week and 11,899 less than in the corresponding week in 2020.
Irish famers are now looking to Spain for trade as their pigs receive above €2/kg. China, which is the main driver of pig imports, has seen a decline in last four months with the US pig price overtaking the Chinese domestic price.
Reports predict that there may be a shift in volumes of US imports into China in the months ahead.