Beef & Sheep UpdateCattleCattle PricesSheepSheep Prices

Beef & Sheep Update 18th November

Cattle and Sheep in Wicklow field

Beef Update

IFA Livestock Chairman Brendan Golden said that the beef price is strengthening but it still has a long way to go to close the gap of 46c/kg demonstrated on the Bord Bia Price Tracker. 

“Factory prices must start to reflect the capacity in the market place for stronger beef prices to close the gap with prices in Irelands key export markets” he said. 

He said factory prices are showing signs of strengthening this week but more must be done to reflect the input costs increases currently being experienced by farmers.  

Steers making €4.60/kg to €4.80/kg and heifers are making €4.65/kg to €4.85/kg.  Young bulls have been making €4.70/kg and € 5.00/kg for R and U grades respectively. Cows are making € 4.00/kg to €4.50/kg.

Beef Price Update 17/11/2022

Steer Base €4.60/4.80kg. Heifers €4.65/4.85kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €4.70/5.00Kg. Cows €4.00/4.50kg.

Supply Figures as Reported by DAFM – WK 45 (13.11.2022)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls2312▲7396%114137▲5,673
Veal-V5▼-36 0%28272▲7,353
Veal-Z27▼-10 0%1457▲37

Official Irish Prices as Reported by DAFM – WK 45 (13.11.2022)

c/kg (Incl. VAT)U3Change prev wkR3Changeprev wkO3Change prev wkP+3Changeprev wk
Y Bulls481▲3466▼-1 452▲4442▲4

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▲1▲1▼-0 ▲0▲2▼-0 ▼-1 
Price in c/kg (Incl VAT)549.1553.7546.7551.5534.9533.5433.7

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

Country & Type07/11/202011/06/202105/11/2022
EU + Y Bulls€ 7.03€ 4.27Not Available
IE + Steers€ 7.19€ 4.15€ 4.51
UK + Steers € 8.28€ 4.86€ 5.15

Live Exports W/C  31.10.2022

Source: Bord Bia

Sheep Update

IFA Sheep Chairman Kevin Comiskey said strengthening lamb prices have a long way to go to offset production costs on farms.

He said factories and Bord Bia must do more in the market place to reflect costs on farms and return more of the price available in the French market where prices have remained solid at in and around €8/kg. 

“This time last year our prices were within a €1/kg of French prices, with the gap now almost €2/kg.  

This is not sustainable” he said. 

Lambs are currently making from €6.30 to €6.50/kg on weights to 23kgs. Higher deals are available for groups and larger lots. Cull ewes are making €2.90 to €3.50/kg.

Lamb Price Update 17/11/2022

Lamb €6.30/6.50/kg. Deals to 23kgs. Higher deals groups/larger lots. Ewes €2.90/3.50/kg.

Supply Figures as Reported by DAFM – WK 45 (13.11.2022)

AnimalFigureChangeYTDYTD Change
Lambs/Hoggets467▼-151 903593▲205,721
Spring Lambs53519▲7,6441282921▼-67,532 
Ewes and Rams9427▲1,951338885▲24,166
Light Lambs2▲0141▲12

Official Irish Prices as Reported by DAFM – WK 45 (13.11.2022)

c/kg (Incl. VAT)WK 45Change prev wk2021Changeprev yr
National Avg Price617.90▲5684.64▼-67 
YTD Avg684.59▼-2 658.43▲26

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
05/11/2022516.1512.6New season
12/11/2022537.5534.5New season

Live Sheep Exports 18/07/2022

Source: Bord Bia

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