Beef & Sheep UpdateCattleCattle PricesSheepSheep Prices

Beef & Sheep Update 17th June

Cattle and Sheep in Wicklow Field, Ireland

Beef Update

IFA livestock chairman Brendan Golden said supplies continue to tighten with last week’s throughput down for the sixth consecutive week when bank holidays are considered. He said the weekly throughput has dropped by over 7,000 head since the end of April to just 30,112 last week with further reductions anticipated in the coming weeks as numbers of finished cattle are just not on the ground. Brendan Golden said the on-going tightening of supplies and demand for beef in our key markets will drive the trade with no evidence of any weakening in the market place particularly as we face into the summer festival season. He said there is a huge variance in prices paid by factories to farmers and in the prices available from factory agents in the marts and farmers should shop around and sell hard to maintain control of the market. The IFA livestock chairman said weakening of beef prices will not be tolerated by farmers given the broader market conditions and the extreme input cost inflation beef farmers are enduring.

Beef Price Update 16/06/2022

Steer Base €5.20/5.30kg. Heifers €5.25/5.35kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €5.30/5.50Kg. Cows €4.60/5.10kg.

Supply Figures as Reported by DAFM – WK 23 (12.06.2022)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls3,178▼-141 11%68,700▲1,370
Bull512▼-74 2%12,550▲908
Steer9,650▼-808 32%283,902▲27,285
Cow8,714▼-74 29%179,400▲29,260
Total30,112▼-1,026 100%801,119▲82,807

Official Irish Prices as Reported by DAFM – WK 23 (12.06.2022)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Change prev wkP+3Change prev wk
Steers570▼-1 562▲0550▼-3 519▼-1 
Heifers577▲1564▲0558▼-3 513▼-1 
Y Bulls559▼-2 550▼-3 526▼-6 517▼-4 
Cows0▲0519▼-3 499▲0490▲0

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▲1▲4▲0▲1▼-0 ▲2▼-2 
Price in c/kg(Incl VAT)549.0553.3549.5553.4541.3542.6463.9

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

Country & Type06.06.202005.06.202104.06.2022
EU + Y Bulls€ 3.52€ 3.86€ 4.91
IE + Steers€ 3.62€ 4.13€ 5.32
UK + Steers € 3.99€ 4.60€ 5.21

Live Exports W/C 30.05.2022

Source: Bord Bia

Sheep Update

IFA Sheep committee chairman Kevin Comiskey said there is no justification in the market place for the attempts by factories to drop lamb prices. The IFA sheep chairman said hogget numbers have all but dried up at this stage and lamb supplies are running 5,000 a week below last year’s levels. He said demand for sheep meat is strong and will increase as the Eid al Adha festival approaches in early July. Kevin Comiskey said live shippers are already very active in the marts buying lambs for this trade and freely paying well above what some factories are offering for lambs. He said farmers should strongly resist the attempts by factories to reduce prices and consider the mart outlet if factories are not stepping up to the plate where live export buying is underpinning the trade. The IFA sheep chairman said the importation of over 4,000 lambs from Northern Ireland by sheep factories in the week before they decide to attempt to drop prices to Irish farmers does not stack up. He said clearly there is strong demand for lamb in the market place and this must come through to farmers in strong stable prices for sheep meat to reflect our on farm production costs.

Lamb Price Update 16/06/2022

Hogget €7.20/7.50/kg. Spr lamb €8.20/8.40/kg. Weights to 21kg. Higher deals groups/larger lots. Ewes €4.00/4.30/kg.

Supply Figures as Reported by DAFM – WK 23 (12.06.2022)

AnimalFigureChangeYTDYTD Change
Lambs/Hoggets5,737▼-5,084 882,015▲191,354
Spring Lambs37,150▼-531 191,169▼-40,961 
Ewes and Rams5,332▼-480 122,139▼-5,791 
Light Lambs0▼-21 84▼-20 
TOTAL48,219▼-6,116 1,195,407▲144,582

Official Irish Prices as Reported by DAFM – WK 23 (12.06.2022)

c/kg(Incl. VAT)WK 23Change prev wk2021Change prev yr
National Avg Price788.66▲7721.39▲67
YTD Avg714.09▲3691.71▲22

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
04/06/2022682.6684.7New season
11/06/2022690.5692.9New season
Price in c/kg (Incl VAT)847.9850.8 
Source: Bord Bia

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