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Beef & Sheep Update 14th April

Sheep and Cattle in Wicklow

Beef Update

IFA Livestock Chairman Brendan Golden said beef prices continue to edge upwards as factories struggle to match supplies with market demand. 

He said numbers of suitable cattle are tight on the ground and factory agents are competing very strongly for finished and forward store cattle paying above what factories are offering in some instances. 

He said this is evident in the weekly throughput which has falling for the second consecutive week in a row. 

The kill to date is back 17,208 head compared to the same period in 2022 and cattle throughput is projected to fall a further 6% in the second quarter 2023. 

The IFA Livestock Chairman said it’s the most expensive period of the year to finish cattle and factories must ensure strong viable returns to farmers to reflect production costs on farms.

Beef Price Update 13/04/2023

Base Quotes Steer €5.25/5.35kg. Heifers €5.30/5.40kg. 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 14 (09.04.2023)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls1416▼-361 4%37921▼-5,848 
Bull511▼-10 2%6435▼-113 
Steer12208▼-71 38%165193▼-8,188 
Cow6907▼-384 21%107065▲1,516
Veal-V1971▼-156 6%27546▲2,027
Total32162▼-834 100%483938▼-17,208 

Official Irish Prices as Reported by DAFM – WK 14 (09.04.2023)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Change prev wkP+3Change prev wk
Y Bulls550▲1536▼-1 521▲0510▼-1 
Cows0▲0506▼-4 477▲1458▲2

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▲0▲1▲2▲2▼-1 ▲2▲2
Price in c/kg (Incl VAT)595.8598.8595.9599.2582.1584.4488.9

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

Country & Type27.03.202126.03.202201.04.2023
EU + Y Bulls€ 3.74€ 5.16€ 5.06
IE + Steers€ 3.83€ 4.76€ 5.26
UK + Steers € 4.58€ 5.08€ 5.57

Live Exports W/C 03.04.2023

Source: Bord Bia

Sheep Update

IFA Sheep Chairman Kevin Comiskey said the latest CSO agriculture output index for February highlights the extent of the crisis in the sheep sector while sheep farmers wait on the Government’s response. He said the CSO index shows sheep farmers to be the only sector losing ground in output value, dropping 8.9% to the end of February, when all other sectors recorded average growth of 33%. At the same time, sheep farmers endured the same level of exposure to the input price increase of 16.4%. Kevin Comiskey met with Minister for Agriculture Charlie McConalogue earlier this week and put forward the facts as presented by Bord Bia, Teagasc, all of which clearly, concisely and consistently show the extent of the crisis in the sector. The Minister and his Government colleagues cannot continue to ignore these facts and the seriousness of the situation on sheep farms.

Lamb Price Update 13/04/2023

Hogget €7.30/7.50/kg. Higher deals groups/larger lots. Spr Lamb €7.90/8.10/kg. Ewes €3.30/3.60/kg.

Supply Figures as Reported by DAFM – WK 14 (09.04.2023)

AnimalFigureChangeYTDYTD Change
Lambs/Hoggets57467▼-1,119 686232▲32,013
Spring Lambs1914▲1714467▼-593 
Ewes and Rams4359▲19875632▲5,196
Light Lambs4▼-1 53▲27
TOTAL63744▼-751 766384▲36,643

Official Irish Prices as Reported by DAFM – WK 14 (09.04.2023)

c/kg (Incl. VAT)WK 14 Change prev. wk2022Change prev. yr
National Avg Price654.49▲14705.22▼-51 
YTD Avg620.57▲3681.85▼-61 

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
01/04/2023587.6583.1Old season lamb
08/04/2023609.2605.3Old season lamb
Price in c/kg (Incl VAT)731.0726.4 

Live Sheep Exports 18.01.2023

Source: Bord Bia

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