Irish pig prices increased by 4c/kg last Friday with farmers receiving quotes of €2.00c/kg up to €2.06/kg, according to the IFA.
The weekly throughput for the week ending 24 July, 2022 was 67,477, which is down 2% on the same week last year.
A decline in cereals prices had been evident last week, however prices are up circa 10% for September wheat, according to Agritel. It must be noted that the recent gains did not compensate recent declines. The signed agreement that will allow the export of grain from Ukraine is certainly positive news.
European pig prices are averaging €1.98/kg for the Grade E & S carcass for week 28. This is an increase of 3% in four weeks and an increase of 24% when compared with last year.
Pig farmers in Ireland are welcoming the improvement in Irish pig prices but are emphasising that production costs are still significantly more than the price producers are paid for pigs currently, and that more needs to be delivered back to farm-gate level.
African Swine Fever (ASF) in Europe remains a concern and a high risk, and farmers wish to remind those travelling to be extremely vigilant and to follow biosecurity protocols.