September brings cooler pork mar­ket

Irish Examiner - Farming - - FARMMARKETS -

IFA says many pig sup­pli­ers learned last Fri­day of a 4c/kg re­duc­tion for this week’s pigs, bring­ing price cuts over the past month to 14c.

Since the end of May, the EU av­er­age weaner price fell by €11.68, to €47.44/head at the end of August.

Al­though still above year ear­lier lev­els, the down­turn in weaner prices backs up re­ports of the EU sup­ply of pig meat in­creas­ing, while de­mand is rel­a­tively sub­dued.

On the world mar­ket, the ex­port traded pork vol­ume in the sec­ond quar­ter of 2017 was es­ti­mated 14% lower than year ear­lier lev­els, due to weaker Chi­nese de­mand.

But prices were sup­ported by the rel­a­tively low level of global pork sup­ply. That could change if an ex­pected pro­duc­tion in­crease ma­te­ri­alises in the sec­ond half of the year, which may be es­pe­cially felt in the EU mar­ket.

Al­though steady Ger­man pig prices in­di­cate an un­changed EU mar­ket, September has brought a cooler mar­ket in the UK, but this may be linked to the clo­sure after a fire of the QPL Brechin pro­cess­ing plant which ac­counts for around two-thirds of pigs slaugh­tered in Scot­land. Lo­cally, the pig herd in North­ern Ire­land has in­creased 8%.

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