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Beef & Sheep Update 16th June

Cattle and Sheep in field, Wicklow, Ireland

Beef Update

IFA Livestock Chairman Brendan Golden has called on the Minister for Agriculture Charlie McConalogue to announce the details of the BEEP-s replacement scheme for suckler farmers. In last year’s Budget, the Minister committed to a €90/cow scheme to run alongside the new SCEP, but farmers have heard nothing on this scheme since. The Minister must now honour that and ensure the new scheme provides an additional €90/cow for all cows that farmers apply on. “The scheme must be easy to implement on farm with compliance costs kept to a minimum to ensure the supports remain with suckler farmers,” he said. 

“The needs of suckler farmers for meaningful direct supports is evident from the level of applications to the SCEP.  The BEEP-s replacement scheme is an integral part of these supports to address the continual decline in suckler cow numbers,” he said. The IFA Livestock Chairman has urged the Minister for Agriculture to come forward with the details of the scheme to provide clarity for suckler farmers on the supports available to them for this year and the actions they will be required to carry out on farm.

Beef Price Update 15/06/2023

Base Quotes Steer €5.05/5.15kg. Heifers €5.10/5.20kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €5.00/5.30Kg. Cows €4.30/4.80kg.

Supply Figures as Reported by DAFM – WK 23 (11.06.2023)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls3,380▼-70 11%60,238▼-8,462 
Steer10,980▼-799 35%274,037▼-9,865 
Heifer8,477▼-174 27%218,906▼-8,809 
Veal-V0▼-5 0%30,387▲2,511
Veal-Z12▼-24 0%958▼-18 
Total31,402▼-657 100%768,618▼-32,501 

Official Irish Prices as Reported by DAFM – WK 23 (11.06.2023)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Change prev wkP+3Change prev wk
Steers551▼-3 540▼-4 526▼-39 492▼-3 
Heifers563▼-2 545▼-3 532▼-4 483▼-3 
Y Bulls538▼-10 525▼-7 505▼-1 485▼-9 
Cows0▲0477▼-7 442▼-3 426▼-4 

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▼-3 ▼-3 ▼-3 ▼-3 ▼-5 ▼-6 ▲1
Price in c/kg (Incl VAT)613.6618.7612.0617.1605.5604.8512.7

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

Country & Type29.05.202128.05.202203.06.2023
EU + Y Bulls€ 3.83€ 4.98€ 4.90
IE + Steers€ 4.13€ 5.26€ 5.19
UK + Steers € 4.60€ 5.19€ 5.67

Live Exports W/C 05.06.2023

Source: Bord Bia

Sheep Update

IFA Sheep Chairman Kevin Comiskey said the removal of the residency period from the export criteria for sheep for direct slaughter within the EU removes a major obstacle from the trade. It means exporters can now compete for finished lambs in mart sales, which will add vital competition to the trade. He said this change comes at a time when live export demand for sheep is increasing in line with previous years. Of the almost 13,000 sheep exported last year, approx. 8,000 were exported between June and August coinciding with our peak supplies. The changes make live exports to continental Europe easier for live exporters and should increase numbers that will move, creating a positive impact on the trade. “The countries looking to Ireland for live exports of finished lamb include France and Spain.  Reduced breeding flocks in both countries last year has increased demand for sheep meat and Ireland is ideally placed to supply them. There have also been enquiries for lamb from several other countries to fill the surge in demand for the upcoming Eid al-Adha festival,” he said.

Lamb Price Update 15/06/2023

Hogget €7.00/7.40/kg. Spr Lamb €7.80/8.10/kg. Higher deals groups/larger lots. Ewes €3.30/3.80/kg.

Supply Figures as Reported by DAFM – WK 23 (11.06.2023)

AnimalFigureChangeYTDYTD Change
Lambs/Hoggets10,827▼-7,546 947,088▲65,073
Spring Lambs28,178▲2,519150,707▼-40,462 
Ewes and Rams4,783▼-711 121,549▼-590 
Light Lambs3▲0112▲28
TOTAL43,791▼-5,738 1,219,456▲24,049

Official Irish Prices as Reported by DAFM – WK 23 (11.06.2023)

c/kg (Incl. VAT)WK 23 Change prev wk2022Change prev yr
National Avg Price736.76▼-5 788.66▼-52 
YTD Avg671.38▲3714.09▼-43 

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
03/06/2023707.3709.1New season lamb
10/06/2023672.3673.6New season lamb
Change▼-35 ▼-36  
Price in c/kg (Incl VAT)835.2836.8 

Live Sheep Exports 01.04.2023

Source: Bord Bia

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