The Irish pig price was increased by 4c/kg in Irish processing plants the week of 27 June, 2022. Farmers received quotes of €1.86/kg up to €1.92 or €1.92 up to €1.96/kg, according to the Irish Farmers’ Association (IFA).
Meanwhile, some farmers selling pigs to the north for slaughter are receiving quotes of €2/kg. In addition, some farmers in ROI are receiving similar quotes from smaller processing plants in the ROI.
The IFA said that while this upward movement in price is very welcome, it is important to note that Irish pig farmers continue to be in a loss-making situation and breakeven is still not within their reach. It is close on a full year now that farmers have been incurring huge losses, forcing some of them to exit the business.
Further afield, there was little price change across Europe over the past week with Spain and France receiving more than €2/kg as well as the UK up to €2.20/kg. European market prices have levelled with the weighted average price for grade S and E carcass at around €1.91/kg.