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 8 for grade E carcass was 181.3c/kg excluding vat. This represents a –0.4% increase in last week’s average prices and is -14% behind prices for the same month last year. Pig prices across Europe are on the rise, showing a steady upward trend. Further increases are anticipated across the EU market in the coming weeks.
The throughput for week ending the 2nd of March was 68,096, of which 1,802 were sows.
As of Tuesday, March 4th 2025 the US has officially implemented high tariffs of 25% on products from Canada and Mexico, and an additional 10% on products from China, on top of the 10% already implemented in February. Canada has announced 25% taxes on American products as a countermeasure. For China, the counter-taxes range from 10% to 15% depending on the agricultural raw materials. Mexico, has not yet decided on what action they will take in response. Major stock markets, oil, and the dollar fell yesterday, while Chicago futures continued their decline, pulling Euronext grains down. Meanwhile, the Euro strengthened above 1.06 for the first time in four months, putting downward pressure on European prices.
