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Beef & Sheep Update 12th March

Sheep and Cattle in Wicklow

Beef Update

Brendan Golden said numbers are tight, the UK supplies are predicated to be down 5% this year and beef sales in supermarkets continue to show both volume and value growth. Prices in the UK are strengthening. 

Brendan Golden said the latest Prime Export Benchmark price shows continued growth in our key markets for beef rising by a further 1c/kg to €3.83/kg, the Irish Prime Composite price rose by 2c/kg for the same period to €3.71/kg. The IFA livestock chairman said this still leaves an unacceptable price gap of 12c/kg which must be closed. He said farmers should demand immediate price increases to reflect to the strength of the market, removal of Brexit uncertainty and growing demand for beef.

Beef Price Update 11/03/21

Steer base €3.75/3.80kg. Heifers €3.80/3.85kg. Higher deals Market strong Y Bulls R/U €3.75/3.95kg. Cows €2.90/3.50kg.

Supply Figures as Reported by DAFM – Week 9 (01.03.2021)

AnimalNumberChange prev. wk.% of totalYTDYTD Change
Y Bulls2,654▼-215 8%30,217▼-12,195 
Bull457▼-10 1%3,282▼-1,581 
Cow6,070▼-631 18%56,765▼-2,245 

Official Irish Prices as Reported by DAFM – Week 9 (01.03.2021)

c/kg (Incl. VAT)U3Changeprev wkR3Change prev wkO3Changeprev wkP+3Changeprev wk
Y Bulls391▲1378▲2364▲4359▲12

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▲2▲1▲3▲2▼-0 ▼-1 ▲3
Price in c/kg (Incl. VAT)471.3474.3471.8474.7458.3453.8338.2

Live Exports W/C 22.02.2021

Source: BordBia

Sheep Update

IFA National Sheep committee chairman Sean Dennehy said factory prices for hoggets continues to increase.

He said factories are freely paying €7.30kg to €7.50/kg with higher prices available to secure supplies to meet the strong market demand. 

Sean said deals on weight to 24kgs are also on offer from factories as they try to secure numbers to fill orders.

He said farmers should sell hard in a positive and rising market where supplies are a long way short of demand.

Lamb Price Update 12/03/21

QA Hoggets €7.30/7.50kg. Deals on weight to 24kgs. Higher deals for groups and larger lots. Strong demand. Ewes €2.90/3.20kg.

Supply Figures as Reported by DAFM – Week 9 (01.03.2021)

AnimalFigureChangeYTDYTD Change
Spring Lambs0▲00▲0
Ewes and Rams4,560▼-1,671 50,865▼-8,907 
Light Lambs26▲1560▲57

Official Irish Prices as Reported by DAFM – Week 9 (01.03.2021)

c/kg (Incl. VAT)Week 9Changeprev. wk2020Change prev. yr
National Avg Price681.57▲26542.67▲139
YTD Avg613.53▲9503.62▲110

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
27.02.2021616.7613.9Old season
06.03.2021617.5615.3Old season
Price in c/kg (Incl. VAT)758.2755.5 

Total Live Sheep Exports 2020 as Reported by DAFM

Source: BordBia

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