Beef Update
IFA Livestock Chairman Brendan Golden said that Minister McConalogue must clarify his intentions on the draft suckler scheme for 2023-2027, which is now out for public consultation as part of the new CAP Strategic Plan. “While farmers will understand the concept of a reference year, any suggestion that farmers would suffer a penalty on their payments for existing cows if they increase numbers would be unprecedented and unacceptable,” he said. “IFA has consistently sought a payment of €300 per suckler cow. This scheme must be the vehicle to do that, but we can’t have restrictive conditions. The Minister and the Department need to learn the lessons from the BEAM scheme, which turned what should have been a good news story into a negative,” he said.
Beef Price Update 12/08/21
Steer Base €4.20/4.30kg. Heifers €4.25/4.35kg. Higher deals larger lots. Y Bulls R/U €4.25/4.40Kg. Cows €3.60/4.00kg. Market strong. UK price strong. Dig in on price.
Supply Figures as Reported by DAFM – Week 31 (02.08.2021)
| Animal | Number | Change prev. wk. | % of total | YTD | YTD Change |
| Y Bulls | 1,390 | ▼-348 | 4% | 85,120 | ▼-13,845 |
| Bull | 619 | ▼-53 | 2% | 16,147 | ▼-4,379 |
| Steer | 15,298 | ▼-1,029 | 49% | 362,692 | ▼-15,828 |
| Cow | 5,890 | ▼-770 | 19% | 207,710 | ▼-4,150 |
| Heifer | 7,775 | ▼-842 | 25% | 279,461 | ▼-30,714 |
| Veal-V | 4 | ▲1 | 0% | 20,618 | ▼-5,829 |
| Veal-Z | 21 | ▼-1 | 0% | 1,088 | ▲107 |
| Total | 30,997 | ▼-3,042 | 100% | 972,836 | ▼-74,638 |
Official Irish Prices as Reported by DAFM – Week 31 (02.08.2021)
| c/kg (Incl. VAT) | U3 | Change prev wk | R3 | Changeprev wk | O3 | Changeprev wk | P+3 | Changeprev wk |
| Steers | 460 | ▲0 | 450 | ▼-1 | 434 | ▼-3 | 402 | ▼-5 |
| Heifers | 466 | ▼-1 | 453 | ▼-2 | 444 | ▼-1 | 399 | ▲0 |
| Y Bulls | 443 | ▼-8 | 431 | ▼-7 | 414 | ▼-2 | 413 | ▲13 |
| Cows | 0 | ▲0 | 391 | ▼-2 | 370 | ▼-1 | 359 | ▼-2 |
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 |
| 31.07.2021 | 413.4 | 415.1 | 413.3 | 415.3 | 406 | 404.5 | 314.4 |
| 24.07.2021 | 411.6 | 413.9 | 411.2 | 412.8 | 405.4 | 402.7 | 312 |
| Change | ▲2 | ▲3 | ▲1 | ▲2 | ▲2 | ▲1 | ▲2 |
| Price in c/kg (Incl VAT) | 515.9 | 518.9 | 514.2 | 518.7 | 507.0 | 503.2 | 392.6 |
Euro Price for the Most Recent Week (€/KG Deadweight excl. VAT)
| Country & Type | 10.08.2019 | 08.08.2020 | 07.08.2021 |
| EU + Y Bulls | € 3.49 | € 3.53 | € 3.88 |
| IE + Steers | € 3.45 | € 3.75 | € 4.26 |
| UK + Steers | € 3.58 | € 4.15 | € 4.84 |
Live Exports W/C 26.07.2021
Sheep Update
IFA Sheep Chairman Sean Dennehy said the lamb trade is steady. Sean Dennehy said factories are paying €6.20 to €6.30/kg for spring lamb, with deals to €6.35/kg for groups and larger lots. He said “The cull ewes trade remains strong and cull ewes are making €3.30 to €3.60/kg”.
Last week’s supply figure of 50,145 was back over 8,000 head on the previous weeks kill. The year-to-date slaughter figures are back 136,015 on 2020.
The IFA Sheep Chairman said farmers should sell hard and move lambs as they become fit.
Lamb Price Update 12/08/21
Spring Lamb €6.20/6.30kg. Higher deals groups and larger lots. Good Demand. Sell Hard. Ewes €3.30/3.60kg.
Supply Figures as Reported by DAFM – Week 31 (02.08.2021)
| Animal | Figure | Change | YTD | YTD Change |
| Lambs/Hoggets | 509 | ▲231 | 695814 | ▼-91,406 |
| Spring Lambs | 41,850 | ▼-7,471 | 643976 | ▼-26,321 |
| Ewes and Rams | 7,780 | ▼-818 | 185322 | ▼-18,355 |
| Light Lambs | 6 | ▲6 | 111 | ▲67 |
| TOTAL | 50,145 | ▼-8,052 | 1525223 | ▼-136,015 |
Official Irish Prices as Reported by DAFM – Week 31 (02.08.2021)
| c/kg (Incl. VAT) | WK 31 | Change prev wk | 2020 | Change prev yr |
| National Avg Price | 604.77 | ▼-1 | 525.11 | ▲80 |
| YTD Avg | 676.59 | ▼-2 | 528.71 | ▲148 |
Official GB Prices as Reported by AHDB
| R3L | Overall SQQ* | Type of lamb | |
| 17/06/2021 | 564.3 | 565.5 | New season |
| 24/07/2021 | 527.1 | 528.8 | New season |
| Change | ▼-37 | ▼-37 | |
| Price in c/kg(Incl VAT) | 654.8 | 657.0 |
