Beef Update
IFA Livestock chairman Brendan Golden said tight supplies and strong market demand have pushed cattle prices on in the past few days. He said factories are actively seeking cattle and base prices have moved on 5c/kg, steers are making €4.15 to €4.20/kg with heifers making €4.20 to €4.30/kg in some factories with higher deals for larger and specialist lots. Brendan Golden said shed cattle are gone through the system and the poor grass growth will delay grass cattle further tightening available supplies. He said market conditions are strong as demand from the food service sector increases for the summer months and more reopening’s take place.
Beef Price Update 11/06/21
Steer base €4.15/4.20kg. Heifers €4.20/4.30kg. Higher deals for larger lots. Y Bulls R/U €4.10/4.30kg. Cows €3.35/3.80kg.
Supply Figures as Reported by DAFM – Week 22 (06.06.2021)
| Animal | Number | Change prev. wk. | % of total | YTD | YTD Change |
| Y Bulls | 3506 | ▼-49 | 11% | 64039 | ▼-12,292 |
| Bull | 630 | ▼-87 | 2% | 11075 | ▼-2,465 |
| Steer | 11426 | ▲561 | 37% | 246355 | ▼-6,611 |
| Cow | 7167 | ▼-641 | 23% | 143347 | ▲8,639 |
| Heifer | 8500 | ▲409 | 27% | 203346 | ▼-18,771 |
| Veal-V | 8 | ▲0 | 0% | 20482 | ▼-5,826 |
| Veal-Z | 21 | ▼-11 | 0% | 864 | ▲97 |
| Total | 31258 | ▲182 | 100% | 689508 | ▼-37,229 |
Official Irish Prices as Reported by DAFM – Week 22 (06.06.2021)
| c/kg(Incl. VAT) | U3 | Change prev wk | R3 | Change prev wk | O3 | Changeprev wk | P+3 | Changeprev wk |
| Steers | 448 | ▼-1 | 436 | ▲0 | 421 | ▼-1 | 393 | ▼-1 |
| Heifers | 454 | ▲1 | 440 | ▲1 | 428 | ▲3 | 384 | ▲2 |
| Y Bulls | 435 | ▲0 | 422 | ▲1 | 402 | ▲3 | 383 | ▼-6 |
| Cows | 0 | ▲0 | 367 | ▼-29 | 346 | ▼-2 | 335 | ▲0 |
Official GB Prices as Reported by AHDB
| Steers | Steers | Heifers | Heifers | Y bull | Y bull | Cow | |
| p/kg | R3 | R4L | R3 | R4L | R3 | R4L | -O4L |
| 29.05.2021 | 398.8 | 405.8 | 398.8 | 404.4 | 394.7 | 398.3 | 297.1 |
| 05.06.2021 | 398.1 | 402.8 | 397.9 | 402.8 | 390.7 | 392.3 | 296.8 |
| Change | ▼-1 | ▼-3 | ▼-1 | ▼-2 | ▼-4 | ▼-6 | ▼-0 |
| Price in c/kg | 488.8 | 494.6 | 488.6 | 494.6 | 479.7 | 481.7 | 364.4 |
Euro Price for the Most Recent Week (€/KG Deadweight excl. VAT)
| Country & Type | 08.06.2021 | 06.06.2020 | 05.06.2021 |
| EU + Y Bulls | € 3.57 | € 3.52 | € 3.86 |
| IE + Steers | € 3.85 | € 3.62 | € 4.13 |
| UK + Steers | € 3.93 | € 3.99 | € 4.60 |
Live Exports W/C 24.05.2021
Sheep Update
IFA Sheep committee chairman Sean Dennehy said factories are freely offering €7.60/kg and deals on transport to secure lambs with higher deals available for larger numbers. Cull ewes are making €3.20 to €3.50/kg. Sean Dennehy said supplies of suitable finished lambs are tight and market conditions are strong. Hogget supplies have significantly decreased in recent weeks reducing the number of sheep available for slaughter. He said the kill to-date is running 8% behind last year and with the cold weather slowing lamb finish, the number of suitable lambs available remain low. A total of 1,001,500 sheep have been processed in the first 22 weeks of 2021 which is running 78,855 behind the same period in 2020.
Lamb Price Update 11/06/21
11/06/21 Spring Lamb €7.60/7.70/kg. Strong demand, numbers tight. Ewes €3.20/3.50kg.
Supply Figures as Reported by DAFM – Week 22 (06.06.2021)
| Animal | Figure | Change | YTD | YTD Change |
| Lambs/Hoggets | 3122 | ▼-2,401 | 689189 | ▼-89,152 |
| Spring Lambs | 43549 | ▲7,701 | 189564 | ▲20,675 |
| Ewes and Rams | 6056 | ▲503 | 122643 | ▼-10,454 |
| Light Lambs | 2 | ▼-2 | 104 | ▲76 |
| TOTAL | 52729 | ▲5,801 | 1001500 | ▼-78,855 |
Official Irish Prices as Reported by DAFM – Week 22 (06.06.2021)
| c/kg (Incl. VAT) | Week 22 | Change prev wk | 2020 | Change prev yr |
| National Avg Price | 758.86 | ▲23 | 559.57 | ▲199 |
| YTD Avg | 688.19 | ▼-2 | 529.35 | ▲159 |
Official GB Prices as Reported by AHDB
| R3L | Overall SQQ* | Type of lamb | |
| 29.05.2021 | 660.6 | 663.7 | New season |
| 05.06.2021 | 666.3 | 669.5 | New season |
| Change | ▲6 | ▲6 | |
| Price in c/kg | 818.2 | 822.1 |
