167% income gain on English pig farms
The Irish pig price remains stable at €1.561.58/kg this week at all the main pig processing factories, according to IFA, with higher prices reported for some spot loads, especially for lighter pigs, and many pig farmers having longer-term deals at higher prices. However, UK and EU pig prices have continued to weaken, due to the combination of a reduction in Chinese demand, rising pig numbers across mainland Europe and in the US, and STATIC demand trends.
IFA Pigs Committee Chairman Tom Hogan has called on all stakeholders in the industry, and the Irish Government, to be cognisant of the delicate financial position of Irish pig producers. In contrast, just how good a year it was for UK pig farmers is reflected in the average income for specialist pig farms in England growing by 167% for 2016/17, from £21,600 to £57,800, according to government sources. Global pork production will rise by almost 2% on the year to 113.1 million tonnes in 2018, according to the latest USDA forecasts. Expansion in China is anticipated to be the driving force, with pork production expected to rise 2% to nearly 55 million tonnes in 2018.