Pig farmers expecting an official 4c/kg increase to be announced on 20 May, 2022, were disappointed when there was no change in pig price quotes from factories this week.
However, there were some unofficial increases and deals done to ensure pig factories hold on to their supply as we head into a positive-looking summer pig-meat market.
Some farmers have reported up to 2c/kg increase in this week’s price but strictly on a “only for you” basis. Current quotes range from as low as EUR 1.68c/kg. But in reality, most farmers are taking home between EUR 1.70c/kg and EUR 1.74c/kg. More pigs are now getting prices closer to the top end of this scale.
Across the European market, prices in general are stable. However, there are positive increases in Germany and other pig-producing countries, with more expected in the coming weeks that will see the European average increase. It all bodes well for an official 4c/kg increase in the Irish pig price today, especially for those farmers still receiving quotes at or below EUR 1.70c/kg.