Beef & Sheep UpdateCattleCattle PricesSheepSheep Prices

Beef & Sheep Update 12th May

Cattle and Sheep in field, Wicklow, Ireland

Beef Update

IFA Livestock Chair Brendan Golden said the closing date for the SCEP is Monday, May 22nd. He said this is a very important scheme for suckler farmers, returning €150 on the first 22 cows and €120 on all remaining cows in the herd. He said while the targets in the scheme are challenging there is a good level of flexibility each year to ensure they can be met. 

He said IFA have made significant progress in ensuring the requirements of the scheme are attainable for suckler farmers and given the level of supports available, extending to €3,000 for a 20-cow herd, it is important these monies are drawn down. He said there is nothing for farmers to fear in this scheme and he strongly urged all suckler farmers to make their applications before the closing date of Monday, May 22nd.

Beef Price Update 11/05/2023

Base Quotes Steer €5.20/5.30kg. Heifers €5.25/5.35kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €5.10/5.60Kg. Cows €4.50/5.20kg.

Supply Figures as Reported by DAFM – WK 18 (07.05.2023)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls2203▲4427%45209▼-7,614 
Steer12334▼-238 40%214937▼-10,631 
Heifer8325▼-1,122 27%174845▼-9,807 
Veal-V38▼-579 0%30375▲2,554
Veal-Z23▼-4 0%819▲62
Total30558▼-1,365 100%609794▼-28,977 

Official Irish Prices as Reported by DAFM – WK 18 (07.05.2023)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Change prev wkP+3Change prev wk
Steers563▼-1 554▲0545▲3508▼-3 
Heifers574▲2559▲1547▼-2 496▼-6 
Y Bulls555▲5540▼-1 519▼-7 506▼-10 

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▲1▲3▼-0 ▼-1 ▲3▲1▲2
Price in c/kg (Incl VAT)605.9609.7604.7607.7599.6597.9495.6

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

Country & Type01.05.202130.04.202206.05.2023
EU + Y Bulls€ 3.82€ 5.14€ 5.07
IE + Steers€ 4.09€ 4.90€ 5.27
UK + Steers € 4.68€ 5.21€ 5.60

Live Exports W/C 01.05.2023

Source: Bord Bia

Sheep Update

IFA Sheep Chairman Kevin Comiskey said hogget and lamb prices strengthen as factories actively source suitable lambs for slaughter. He said prices up to €7.50kg is available for hogget’s with deals on weights and transport also available to secure numbers. Spring lambs range from €8.00kg to €8.20kg with higher deals for larger and specialised lots. Cull ewes are making from €3.30kg to €3.70kg in general. 

He said factory agents, butchers and wholesalers are very active in marts where prices are comparable to or above what factories are offering in some cases providing a real competitive alternative for farmers. He said spring lamb throughput for the most recent week fell 4,529 head highlighting the tightening of lambs on the market. The IFA Sheep chairman said farmers should shop around and sell hard as supplies of suitable lambs are tight.

Lamb Price Update 11/05/2023

Hogget €7.20/7.50/kg. Spring Lamb €8.00/8.20/kg. Higher deals groups/larger lots. Ewes €3.30/3.80/kg.

Supply Figures as Reported by DAFM – WK 18 (07.05.2023)

AnimalFigureChangeYTDYTD Change
Lambs/Hoggets32244▼-5,869 851419▲39,214
Spring Lambs10701▲2,36630132▼-11,971 
Ewes and Rams4955▼-622 95048▲3,060
Light Lambs7▼-1 96▲52
TOTAL47907▼-4,126 976695▲30,355

Official Irish Prices as Reported by DAFM – WK 18 (07.05.2023)

c/kg (Incl. VAT)WK 18Change prev wk2022Change prev yr
National Avg Price731.70▲27733.33▼-2 
YTD Avg640.23▲6693.40▼-53 

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
29/04/2023665.0654.9Old season lamb
06/05/2023678.6669.3Old season lamb
Price in c/kg (Incl VAT)823.7812.4 

Live Sheep Exports 01.04.2023

Source: Bord Bia

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