Forestry Market Reports II

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Forestry Market Reports II

Prices reported as quoted or paid to IFA Members.

  • Steer base €3.60 – 3.65/kg.
  • Heifer base €3.60 – 3.70/kg.
  • Young Bulls R/U €3.40- €3.70kg.
  • Cows €3.00/3.50/kg.
  • In-spec bonus 20c/kg for under 30 months and 8c/kg for 30 to 36 months.
  • 12c/kg bonus for under 30 month steers and heifers grading O- and those with a fat class of 4+ that meet all other in spec criteria.
FACTORY BASE QUOTES C/KG
Steers Heifers Cows
Dawn Slane 360 360/365 300 – 350
Kepak Athleague 360 360/365 300 – 340
Moyvalley Meats 360 360 290 – 330
Euro Farm Foods 360 360/365 300 – 350
ABP Clones 360 360/365
Liffey Meats 360 360/365 300 – 340
Slaney Foods 360 360/365 300 – 340
Kepak Kilbeggan 360 360/365 300 – 340
Dawn Ballyhaunis 360 360/365 300 – 340
Foyle Meats *including 10c 300-380kg 370* 375* 300 – 340
Ashbourne Meats 360 360/365 300 – 350
Meadowmeats Rathdowney 360 360/365 290 – 340
Charleville Foods 360 360/365 290 – 340
Kepak Watergrasshill 360 360/365 290 – 340
ABP Bandon 360 360/365 290 – 340
ABP Cahir 360 360/365 290 – 340
ABP Waterford 360 360/365 290 – 340
Dawn Grannagh 360 360/365 290 – 340
ABP Nenagh 360 360/365 290 – 340

Farmers should insist on payment on the day for their cattle.

Although weather conditions have improved growers are facing additional setbacks due to reduced yields and skin set issues. Reports from growers suggest that main-crop yields are well below average this year. Poor skin set appears to be a problem for a lot of growers and some growers have halted liftings due to this problem. The food service sector remains under significant pressure as more counties face level three restrictions.

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The Irish pig price remains stable with farmers reporting receiving a price of between €1.60c/kg and up to €1.62c/kg. While this price is only a few cents per kilo above break even cost, and it is 40c/kg below the 2020 predicted price for pigs, it remains a relatively good price in comparison to the EU average price.

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IFA President Tim Cullinan said the upcoming Climate Action (Amendment) Bill must facilitate farmers to be part of the climate solution.

 

In the Programme for Government, the Government committed to introducing a new Climate Action (Amendment) Bill, including a new Climate Action Council.

 

“I am convinced that changes in Agriculture Ministers during the first 100 days may result in agriculture not getting a fair input into the new Bill. Minister McConalogue will need to ensure that the importance of farming is reflected in the Bill,” he said.

“Farmers will be looking to this Government to support farming and ensure that any targets outlined in the Bill are practical, achievable and take account of the work the sector is already doing in this area,” said the IFA President.

 

The first draft of the legislation will be published in the coming weeks.

 

“The devil will be in the detail in terms of how emissions targets are to be achieved and calculated. We will engage fully in the discussions that will take place,” he said.

 

“The Climate Action Bill will have to take account of the benefits farmers and agriculture provide in carbon sequestration.  Existing carbon sinks, including grassland, hedgerows, crops, peatlands and forestry must be included, in line with the most up to date science.”

 

Tim Cullinan said there must also be recognition for the cyclical nature of methane in GHG emissions accounting methodology.

 

“We have made this case strongly to the Minister for Agriculture, and we expect him to be a strong advocate for the sector at the Cabinet table,” he said.

2020 ANC Payments

The rollout of ANC payments to 86,000 farmers commenced last week.
The payments currently issuing are an 85% advance payment and the balancing 15% will be paid out in December.
Farmers who do not currently meet the annual average stocking density of 0.15LU per forage hectare have until December 31st 2020, to do so.
Outstanding stocking evidence should be provided to the DAFM Portlaoise Office for early release of payments.
Pay runs will continue in the coming weeks ensuring payment of cleared cases are paid out ASAP.

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