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Beef & Sheep Update 15th December

Cattle and Sheep in Wicklow field

Beef Update

IFA Livestock Chairman Brendan Golden said beef prices continue to move on with base prices moving up a further 10c/kg this week. Base prices for steers and heifers are making up to €5.00kg and €5.05kg with deals 10c/kg above this achieved for larger and specialised lots. Young bull prices have likewise strengthened with quotes between €5.00kg and €5.30kg secured for R and U grading bulls. Cow quotes are ranging from €3.90kg for P grades up to €4.60kg for well fleshed U grade cows. The IFA Chairman said factories must maintain this upward trajectory in prices and close the current 10c/kg gap between the Prime Irish composite price and the prime export benchmark price. The IFA Livestock Chairman said market conditions are favourable in our key export markets and farmers should reject the lower quotes offered by factories and sell hard as cattle become fit.

Beef Price Update 14/12/2023

Base Quotes Steer €4.95/5.10kg. Heifers €5.00/5.15kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €5.00/5.30Kg. Cows €3.90/4.60kg.

Supply Figures as Reported by DAFM – WK 49 (10.12.2023)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls2,768▼-84 7%110,303▼-15,196 
Bull361▼-81 1%26,564▼-306 
Steer12,171▼-576 32%662,750▼-21,149 
Total37,945▼-116 100%1,691,005▼-45,534 

Official Irish Prices as Reported by DAFM – WK 49 (10.12.2023)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Change prev wkP+3Change prev wk
Y Bulls507▲9499▲7481▲8474▲13

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▲0▼-0 ▼-0 ▲1▼-2 ▼-0 ▲4
Price in c/kg (Incl VAT)602.3606.7600.1605.5586.0580.8396.1

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

Country & Type04.12.202103.12.202202.12.2023
EU + Y Bulls€ 4.42€ 5.11€ 4.94
IE + Steers€ 4.22€ 4.75€ 4.78
UK + Steers € 4.86€ 5.19€ 5.60

Live Exports W/C 04.12.2023

Source: Bord Bia

Sheep Update

IFA Sheep Chairman Adrian Gallagher said demand for suitably fleshed slaughter fit lambs has increased. He said quality fleshed lambs are scarce on the grounds and factory agents have been very active in recent days trying to secure suitable lambs. Prices are making from €6.60kg to €6.85kg with the higher prices becoming a lot easier to negotiate in recent days he said. Cull ewes in general are making from €2.70kg to €3.10kg with some isolated deals higher than this. He said high production costs continue to impact sheep farmers across the country and factories must come forward with higher prices that reflect the increased costs of production on sheep farms.  Demand for sheep meat in our key export markets is positive and factories must ensure these positive market conditions are reflected in higher prices paid to farmers. Adrian Gallagher said factories are anxious for lambs and farmers should sell hard as lambs become fit.

Lamb Price Update 14/12/2023

Spring Lamb €6.60/6.85/kg. Weights to 23kg. Higher deals groups/larger lots. Ewes €2.70/3.10/kg.

Supply Figures as Reported by DAFM – WK 49 (10.12.2023)

AnimalFigureChangeYTDYTD Change
Spring Lambs55,011▲4,8781,406,326▼-77,470 
Ewes and Rams6,226▲684317,738▼-51,251 
Light Lambs2▼-2 155▲8

Official Irish Prices as Reported by DAFM – WK 49 (10.12.2023)

c/kg (Incl. VAT)This week Change prev. wk2022Change prev. yr
National Avg Price642.23▲5648.58▼-6 
YTD Avg660.27▼-0 681.36▼-21 

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
02/11/2023591.5585.8New season lamb
09/11/2023588.2588.2New season lamb
Change▼-3 ▲2 
Price in c/kg (Incl VAT)722.3722.3 

Live Sheep Exports Jan-Sep

Source: Bord Bia

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