Beef & Sheep UpdateCattleCattle PricesSheepSheep Prices

Beef & Sheep Update 17th December

Cattle and Sheep in field, Wicklow, Ireland

Beef Update

The IFA Livestock Chairman Brendan Golden said our key markets in the UK and across Europe are performing well. The Bord Bia prime Irish composite price is 14c/kg behind the prime export benchmark price, which shows that our markets are delivering more than factories are paying to Irish finishers.

Brendan Golden said prices have increased by 5c this week, heifers are making €4.30/kg to €4.45/kg, Steers are making from €4.25/kg to €4.40/kg. The Young bull trade has remained steady at €4.20-€4.40/kg for R/U grades respectively. Demand for cows remains strong and prices of €3.50/kg to €4.00/kg are available. 

Reminder: Deadline for BDGP extension applications is 5pm Monday 20th of December.

Beef Price Update 16/12/21

Steer Base €4.25/4.40kg. Heifers €4.30/4.45kg. Higher deals larger lots. Y Bulls R/U €4.20/4.40Kg. Cows €3.50/4.00kg.

Supply Figures as Reported by DAFM – Week 49 (06.12.2021)

AnimalNumberChange prev. wk.% of totalYTDYTD Change
Y Bulls3,349▲5810%121,109▼-9,706 
Bull422▼-66 1%25,497▼-6,057 
Steer11,497▼-462 33%647,253▼-15,409 
Cow8,987▼-336 26%336,359▼-8,727 
Veal-V2▼-7 0%20,987▼-5,911 
Veal-Z52▼-5 0%1,586▲82
Total34,784▼-571 100%1,609,496▼-78,412 

Official Irish Prices as Reported by DAFM –  Week 49  (06.12.2021)

c/kg (Incl. VAT)U3Changeprev wkR3Changeprev wkO3Changeprev wkP+3Changeprev wk
Y Bulls439▲1429▲1416▲2400▼-5 

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▼-2 ▼-1 ▼-3 ▼-2 ▼-6 ▲2▲0
Price in c/kg(Incl VAT)517.4522.2516.3520.0503.2498.9347.7

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

Country & Type201905.12.202004.12.2021
EU + Y BullsFigures€ 3.58€ 4.42
IE + SteersNot€ 3.72€ 4.22
UK + Steers Available€ 4.18€ 4.86

Live Exports W/C 15.11.2021

Source: Bord Bia

Sheep Update

IFA Sheep Chairman Sean Dennehy said lamb prices have remained steady this week. 

He said prices of €7.40/kg for lamb are available, with deals to 23kgs. Better deals are available for larger lots and groups. Cull ewes are making €3.10 to €3.55/kg. 

He said farmers should sell hard in a strong market, while moving lambs as they become fit. 

“Factory attempts to pull prices in recent weeks was met by strong resistance from farmers across the country” he said. 

While throughput increased last week, prices held firm indicating strong market demand coming up to the festive period. 

He said mart trade is strong at the moment particularly for cull ewes.

Lamb Price Update 16/12/21

Lamb €7.20/7.40/kg. Higher deals groups/larger lots. Weights to 23kgs. Ewes €3.10/3.55/kg. Sell hard.

Supply Figures as Reported by DAFM – Week 49 (06.12.2021)

Lambs/Hoggets36▼-21 698048▼-93,775 
Spring Lambs53631▲7,7291540720▲5,399
Ewes and Rams5762▼-432 339878▼-25,551 
Light Lambs3▲3132▲68

Official Irish Prices as Reported by DAFM – Week 49  (06.12.2021)

c/kg (Incl. VAT)WK 49 Change prev wk2020Changeprev yr
National Avg Price709.23▲9525.78▲183
YTD Avg662.08▲1518.18▲144

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
04.12.2021619.5618.6New season
11.12.2021633.1631.8New season
Price in c/kg (Incl VAT)786.5784.9 

Total Live Sheep Exports 12/10/2021

Source: Bord Bia

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