70% Basic Payment Advance
The Minister for Agriculture, Food and the Marine, Charlie McConalogue T.D., today announced the commencement of advance payments under the 2020 Basic Payment Scheme (BPS) (including Greening).
The BPS advance payment is commencing today at the earliest date possible under EU Regulations. The payment is set at a rate of 70% with the remaining 30% due on 1st December 2020.
Regular pay runs will be in place over the coming weeks to pay BPS and ANC cases as they become cleared for payment.
BEEF MARKET UPDATE
Latest Beef Price Update 15th October 2020:
Steers €3.60/3.65. Heifers €3.60/3.70. Y bulls €3.50/3.80. Cows €3.00/3.50/kg.
| Week 41 Slaughter Figures 05/10/2020 – 11/10/2020 |
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| Animal | Numbers | % of Total Kill | % Change from prev. Week |
| Steers | 17,523 | 47% | +2.2% |
| Heifers | 9,703 | 27% | +2.7% |
| Young Bulls | 1,434 | 4% | +4.0% |
| Cows | 7,385 | 20% | +1.5% |
| Total | 36,500 | +2.5% | |
| Year to Date Slaughter Figures | |||
| Numbers | Change from 2019 | ||
| TOTAL | 1,394,137 | +3.5% | |
Source: DAFM Weekly Beef Slaughter Figures
| Official Irish Prices | Official GB Prices | ||||||||
| Animal | Euro/Kg | Change from prev. week | Animal | GBP/Kg | Change from prev. week | Euro/Kg | |||
| R3 Steers | €3.79 | -0.3% | R3 Steers | £3.75 | 0% | €4.34 | |||
| R3 Heifers | €3.84 | +0.3% | R3 Heifers | £3.74 | 0% | €4.33 | |||
| Y Bulls | O | €3.41 | -0.3% | Y Bulls | O | £3.46 | -0.8% | €4.01 | |
| R | €3.62 | +0.8% | R | £3.70 | +0.2% | €4.29 | |||
| U | €3.74 | -0.8% | U | £3.73 | +0.2% | €4.32 | |||
| Cows | O | €3.11 | 0% | Cows | O | £2.78 | -0.3% | €3.22 | |
| R | €3.31 | 0% | R | £2.89 | 0.3% | €3.35 | |||
Source: DAFM Average Prices, AHDB Deadweight Cattle Price Report
Source: European Commission
Live Exports:
Source: Bord Bia
SHEEP MARKET UPDATE
Latest Lamb Price Update 15th October 2020:
Lambs steady. QA lambs €5.25 – 5.40. Producer groups on more. Most plants on 22kgs Producer groups on more. Ewes unchanged €2.60-2.80.
| Week 41 Slaughter Figures 05/10/2020 – 11/10/2020 | |||
| Animal | Numbers | % Change from prev. Week | % Change from same week 2019 |
| Sheep | 62,401 | -0.55% | -5.7% |
| Year to Date Slaughter Figures | |||
| Numbers | Change from 2019 | ||
| TOTAL | 2,245,881 | +5% | |
Source: DAFM Meat Market Report, AHDB GB Deadweight Sheep Prices
| Official Irish Prices | Official GB Prices | ||||
| Euro/Kg | % Change from same week in 2019 | GBP/Kg | Euro/Kg | ||
| Lamb | €4.90 | +20% | Lamb | £4.36 | €5.04 |
Source: DAFM Meat Market Report
Live Trade: Total live exports stood at 23,749 head to the middle of September.
Select and Sell: As always, the advice is to move lambs as they become fit.
