There was no change in Irish pig prices on Friday last, with producers reporting quotes ranging from €2.08 – €2.12available from processors in ROI – There is a good demand for pigs.
The EU average price for week 7 for grade E carcass was 180c/kg excluding vat. This represents a –1% increase in last weeks average prices and is -13% behind prices for the same month last year. Pig prices across Europe are turning a corner and are increasing steadily. It is expected that further increases will be observed across the EU market over the coming weeks.
According to the latest report from Agritel, markets were shakey yesterday, with concerns over inflation and trade tensions affecting commodities. European grains held steady, despite the downturn, with wheat awaiting export deals and corn benefiting from competitive pricing. Rapeseed rebounded due to technical factors and rising vegetable oil demand. In the US, grain prices dropped as fears over import taxes and favourable weather pressured wheat and corn. Soybeans held up better, supported by weaker yield prospects in parts of Brazil. Feed prices remain under pressure, but European grains are showing more stability than US markets.
