Pig prices hold steady, signalling good demand
Producers have been reporting quotes ranging from €2.10-€2.14 available from processors this week.
There was no change in Irish pig prices on Friday, with producers reporting quotes ranging from €2.10-€2.14 available from processors, signalling there is good demand for pigs.
The EU average price for week 10 for grade E carcass was 182.2c/kg, excluding Vat. This represents a 0.1% decrease in last week’s average prices and is 15% behind prices for the same month last year. Prices across Europe are steady, and small increases are being observed but are slower to come than last year.
Euronext prices rose yesterday, gaining +€1/t on May 2025 wheat and +€2/t on 2025 contracts, following US market strength. Corn followed suit, but rapeseed continued its decline due to weaker Canadian canola prices.
Soybean prices remained stable as Brazil’s harvest nears completion. China favours Brazilian soy amid US trade tensions, while reduced US crushing activity lent slight support to soybean oil.
Ireland’s percentage of the EU price is currently 112% of the EU average price, as reported to the EU Commission for the week ending March 15, 2025 (latest figures available).
Factory pig throughput in Republic of Ireland export plants for the week ending March 23 was 55,094 head, which was 12,300 less than the previous week and 11,909 less than in the corresponding week in 2024.
