Beef & Sheep UpdateCattleCattle PricesSheepSheep Prices

Beef & Sheep Update 10th December

Sheep and Cattle in Wicklow

Beef Update

IFA Livestock Chairman Brendan Golden said that prices have increased this week with heifers reaching prices of €4.30/kg to €4.45/kg in some cases. Steers are making anywhere from €4.25/kg to €4.40/kg. Young bull trade has remained steady at €4.20-€4.40/kg for R/U grades respectively. Demand for cows remains strong and prices of €3.50/kg to €4.00/kg are available. 

The IFA Livestock Chairman Brendan Golden said UK supplies are extremely tight, with the weekly kill running 10% behind last years levels, creating increased demand for Irish beef.

 “The EU young bull price and the UK steer price are above our current prices, creating an unacceptable and unjustified price gap of 17c/kg in the benchmark price” he said. 

Beef Price Update 10/12/21

Steer Base €4.25/4.40kg. Heifers €4.30/4.45kg. Higher deals larger lots. Y Bulls R/U €4.20/4.40Kg. Cows €3.50/4.00kg.

Supply Figures as Reported by DAFM  – Week 48  (29.11.2021)

AnimalNumberChange prev. wk.% of totalYTDYTD Change
Y Bulls3,291▲2729%117,747▼-9,913 
Bull488▼-26 1%25,075▼-5,934 
Steer11,959▼-1,192 34%635,748▼-15,036 
Veal-V9▼-35 0%20,985▼-5,899 
Total35,355▼-179 100%1,574,691▼-78,768 

Official Irish Prices as Reported by DAFM – Week 48  (29.11.2021)

c/kg(Incl. VAT)U3Changeprev wkR3Changeprev wkO3Changeprev wkP+3Changeprev wk
Y Bulls438▲2428▲2414▲3405▲5

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▼-3 ▼-3 ▼-3 ▼-2 ▼-1 ▲2▼-1 
Price in c/kg (Incl VAT)520.3523.3519.4522.2510.2496.4347.2

Euro Price for the Most Recent Week  (€/KG Deadweight excl. VAT)

Country & Type30.11.201928.11.202027.11.2021
EU + Y Bulls€ 3.62€ 3.56€ 4.37
IE + Steers€ 3.42€ 3.67€ 4.19
UK + Steers € 3.92€ 4.25€ 4.94

Live Exports W/C 15.11.2021

Source: Bord Bia

Sheep Update

IFA Sheep Chairman Sean Dennehy said the option for the sheep factories to use Electronic Fund Transfer (EFT) must be provided to farmers who prefer to be paid this way. IFA has met MII on this issue and set out farmers’ demands to have this facility provided, but to-date no lamb processing factories are offering this option to farmers. “We are seeing more and more rural services taken away.  The closure of local bank branches in towns throughout the country is making it more difficult for farmers to lodge cheques,” he said. Members of the IFA Sheep Committee contacted all of the sheep factories in the past few days.  While some are more positively disposed to providing the service, none is offering the facility despite IFA raising this issue with their representative body earlier this year. Sean Dennehy said it’s not acceptable that across the sheep processing industry, this payment option is not available.  He has called on all sheep processing factories to put the option in place. He said he will be formally writing to all of the sheep processing factories setting out the need to provide EFT and seeking a realistic timeframe to have this service for farmers.

Lamb Price Update 10/12/21

Lamb €7.20/7.40/kg up to €7.50/kg paid. Higher deals groups/larger lots. Weights to 23kgs. Ewes €3.10/3.50/kg. Sell hard.

Supply Figures as Reported by DAFM – Week 48 (29.11.2021)

Spring Lambs45902▲2,8071487089▼-1,564 
Ewes and Rams6194▲14334116▼-24,073 
Light Lambs0▲0129▲65

Official Irish Prices as Reported by DAFM – Week 48 (29.11.2021)

c/kg (Incl. VAT)WK 48Change prev wk2020Changeprev yr
National Avg Price700.03▲6526.11▲174
YTD Avg661.10▲1517.85▲143

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
27.11.2021601.8600.6New season
04.12.2021619.5618.6New season
Price in c/kg (Incl VAT)769.6768.5 

Total Live Sheep Exports 12/10/2021

Source: Bord Bian

Related Articles