Pig prices stabilise at €2.06-€2.10

There was no change in Irish pig prices on Friday last following the previous week’s drop of 4c/kg.

There was no change in Irish pig prices on Friday last following the previous week’s drop of 4c/kg, with producers reporting quotes ranging from €2.06-€2.10 available from processors in ROI. It's worth noting that there is good demand for pigs, and some farmers have reported some small unannounced increases available.

The EU average price for week 3 for grade E carcass was 183c/kg excluding VAT. This represents a –2.6% change in last week’s prices and is -4.9% behind prices for the same month last year. Germany, due to foot-and-mouth cases, has experienced significant declines in pig prices over the past weeks.

Outside of Europe, the potential implementation of a 25% tariff on all Canadian imports to the U.S. on February 1 is causing concern among Canadian pork producers, particularly in Manitoba, where 40% of pig production is exported south.  A tariff dispute could also affect industries like potash exports, crucial for U.S. crop fertilisation.

Factory pig throughput in the Republic of Ireland export plants for the week ending January 19, 2025, was 69,344 head, which was 2,522 more than last week, and 2,697 more than in the corresponding week in 2024.