Pig Prices Reported to IFA Week Commencing 05/11/18

No change last Friday in quotes for pigs from Irish factories. Pig farmers continue to lose money at an unsustainable rate, with the gap between the prevailing pig price of €1.42c/kg and the ever-rising cost of production, getting close to 20c/kg.

While the domestic Irish market has not shown much improvement in recent weeks, there is no build-up of pigment in cold storage. The change in seasons and the seasonal drop in temperatures will give rise to an increased demand for bacon sales, which did suffer during our unprecedented warm summer and autumn. African Swine Fever continues to be the major taking point and threat to the industry across the globe. Despite the lack of reporting from China, it is clear that ASF has, and will continue to lower domestic production in China.