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Beef & Sheep Update 10th February

Cattle and Sheep in Wicklow Field, Ireland

Beef Update

IFA National Livestock Chairman Brendan Golden said that the beef quotes remain steady and supplies of cattle are tight this week, especially for finished animals. 

The tight supply and steady demand is resulting in prices of €5.25/5.35kg being available for steers and heifers making €5.30/5.40kg.

“€4.50/5.20kg is available for cows this week and R/U grading young bulls making €5.10/5.50Kg” he said. The IFA Livestock chairman reminded farmers that the mart ring is a lucrative option for some farmers and that factory agents remain highly active around mart rings.

Beef Price Update 09/02/2023

Base Quotes Steer €5.25/5.35kg. Heifers €5.30/5.40kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €5.10/5.50Kg. Cows €4.50/5.20kg.

Supply Figures as Reported by DAFM – WK 05 (05.02.2023)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls3360▼-311 9%17779▼-1,378 
Cow8987▼-17 25%40121▲6,391
Veal-Z25▼-88 0%259▲1

Official Irish Prices as Reported by DAFM – WK 05 (05.02.2023)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Change prev wkP+3Change prev wk
Y Bulls546▲4535▲3523▲5514▲3

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Price in c/kg (Incl VAT)558.8561.1558.5560.5542.2542.2455.5

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

Country & Type202129.01.202204.02.2023
EU + Y BullsFigures€ 4.57€ 5.13
IE + SteersNot€ 4.33€ 5.26
UK + Steers Availabl€ 4.91€ 5.25

Live Exports W/C 23.01.2023

Source: Bord Bia

Sheep Update

IFA will hold a protest in Roscommon Town on Mon morning (Feb 13th) to highlight the deepening income crisis on sheep farms. IFA President Tim Cullinan said the latest price cut has angered sheep farmers who are grappling with very severe input costs. The protest will assemble at Roscommon mart at 10.30am. “The margins on sheep farms have been trimmed to the bone, having fallen by 81% to just €7/ewe, which includes the Sheep Welfare Scheme payment. Factories cannot expect producers to keep going on this margin,” he said.

IFA Sheep Chairman Kevin Comiskey said the level of anger among farmers at the meeting in Tuam on Wed night with the Government’s failure to support the sector was plain for all to see. He said the challenges facing the sector were pointed out last Spring to the Minister. No action was taken by him and sheep farmers paid a heavy price with incomes effectively wiped out, dropping by over 80% to €7/ewe through a combination of input cost increases and market failures.

Lamb Price Update 09/02/2023

Lamb €6.10/6.40/kg. Higher deals groups/larger lots. Ewes €3.00/3.40/kg.

Supply Figures as Reported by DAFM – WK 05 (05.02.2023)

AnimalFigureChangeYTDYTD Change
Spring Lambs0▲00▲0
Ewes and Rams6686▲74033034▲2,626
Light Lambs7▲420▲1

Official Irish Prices as Reported by DAFM – WK 05 (05.02.2023)

c/kg (Incl. VAT)WK 05 Change prev wk2022Change prev yr
National Avg Price613.48▲0674.41▼-61 
YTD Avg620.16▼-3 678.90▼-59 

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
28/01/2023514.7510.2Old season lamb
04/02/2023511.6506.2Old season lamb
Change▼-3 ▼-4  
Price in c/kg(Incl VAT)607.0600.6 

Live Sheep Exports 14/10/2022

Source: Bord Bia

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