Beef & Sheep UpdateCattleCattle PricesSheepSheep Prices

Beef & Sheep Update 11th June

Cattle and Sheep in Wicklow Field, Ireland

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)

AnimalNumberChange prev. wk.% of totalYTDYTD Change
Y Bulls3506▼-49 11%64039▼-12,292 
Bull630▼-87 2%11075▼-2,465 
Cow7167▼-641 23%143347▲8,639
Veal-Z21▼-11 0%864▲97

Official Irish Prices as Reported by DAFM – Week 22 (06.06.2021)

c/kg(Incl. VAT)U3Change prev wkR3Change prev wkO3Changeprev wkP+3Changeprev wk
Steers448▼-1 436▲0421▼-1 393▼-1 
Y Bulls435▲0422▲1402▲3383▼-6 
Cows0▲0367▼-29 346▼-2 335▲0

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▼-1 ▼-3 ▼-1 ▼-2 ▼-4 ▼-6 ▼-0 
Price in c/kg488.8494.6488.6494.6479.7481.7364.4

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

Country & Type08.06.202106.06.202005.06.2021
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

Source: Bord Bia

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)

AnimalFigureChangeYTDYTD Change
Lambs/Hoggets3122▼-2,401 689189▼-89,152 
Spring Lambs43549▲7,701189564▲20,675
Ewes and Rams6056▲503122643▼-10,454 
Light Lambs2▼-2 104▲76

Official Irish Prices as Reported by DAFM – Week 22 (06.06.2021)

c/kg (Incl. VAT)Week 22Change prev wk2020Change prev yr
National Avg Price758.86▲23559.57▲199
YTD Avg688.19▼-2 529.35▲159

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
29.05.2021660.6663.7New season
05.06.2021666.3669.5New season
Price in c/kg818.2822.1 
Source: Bord Bia

Related Articles