Pig farmers have been disappointed this week by falling prices — in contrast to 2013, when pig prices continued to rise monthly until November.
Although prices in June and July have been stronger in 2014, year-on-year, the first quarter prices were considerably behind last year’s.
The IFA said it was imperative that prices recovered and moveed on again, because every cent was required by pig producers.
Retail prices for pigmeat products have not increased, and any move by retailers to profit from this drop must be strongly resisted, according to IFA.
For the week commencing July 7, Irish pig prices averaged 101% of the EU price. But this week’s downward trend leaves quotes at up to 180c/kg (at export plants, on a flat-rate basis mostly), with pork slaughter prices at 182c, and sows at 105c-110c/kg deadweight. The Northern Ireland top price is roughly equivalent to 181c/kg.
For the year to date, pig throughput in Irish meat exporting premises, not including live exports slaughtered in Northern Ireland, is 0.4% behind the same period in 2013.
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