Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Cookies that are categorised as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience. Read our privacy policy here for more details.
Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Pigs

No Justification for Recent Compound Feed Price Increases

IFA Pig Chairman Tom Hogan said pig compound feed prices have moved out of line with ingredient costs.  He called on the industry to reverse recent price increases imposed from 1st May.

“Compound feed mills supplying feed to the pig sector implemented increases of between €8-€12/tonne for finisher ration last week and the price of weanling and link rations have also increased by €15-€20 per tonne,” he said.

Spot prices for cereal have not increased much above €200/tonne and barley is trading as low as €175. While there was a logistic issue with availability of soya bean meal in Ireland for a short period in April, it’s now trading at €330/tonne, which is on a par with where all compounders would have hedged their forward supply.

Tom Hogan said pig farmers that are home milling have not experienced any increase in raw material prices, and this is also true for the compounder feed sector. All businesses are faced with the challenges posed by Covid-19 and this can not be used as an excuse to burden pig farmers with an increase in compound feed cost.

The pig sector has taken a big financial hit terms of price since the global pandemic took hold, with the Irish pig price dropping from €1.96/kg to €1.74/kg today.

The pig sector is the largest consumer of Irish feed grains. Tom Hogan said he will be contacting all compounders and making it very clear that there must be an immediate price correction.

He agreed with the call by IFA Grain Chairman Mark Browne to support the grain sector and include Irish grains in pig rations where possible. Irish grains are the best source of energy that pig farmers can use to feed their pigs, and without the millers continued support, the tillage sector will continue to decline.

Related Articles