Pig prices steady at €2.28/kg amid strong demand

Also, grain prices dropped sharply this week in both Europe and the US

The EU average price for week 20 for R-grade carcass was 207.9c/kg excluding VAT. This is 0.7% higher than the previous week, but represents a 3.1% increase on last month’s prices. File picture

There was no change in Irish pig prices last Friday, with producers reporting an average price of around €2.28/kg due to continued unannounced increases over the past number of weeks. 

Some producers are receiving up to 4c/kg above the average, indicating strong market demand for pigs born and reared in the Republic of Ireland, as well as heightened competition among processors.