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)
| Animal | Number | Change prev wk | % of total | YTD | YTD Change |
| Y Bulls | 2312 | ▲739 | 6% | 114137 | ▲5,673 |
| Bull | 478 | ▲69 | 1% | 25001 | ▲1,382 |
| Steer | 15434 | ▲1,438 | 39% | 633530 | ▲35,914 |
| Cow | 10727 | ▲2,520 | 27% | 347542 | ▲46,373 |
| Heifer | 10945 | ▲1,548 | 27% | 437873 | ▲22,926 |
| Veal-V | 5 | ▼-36 | 0% | 28272 | ▲7,353 |
| Veal-Z | 27 | ▼-10 | 0% | 1457 | ▲37 |
| Total | 39928 | ▲6,268 | 100% | 1587812 | ▲119,658 |
Official Irish Prices as Reported by DAFM – WK 45 (13.11.2022)
| c/kg (Incl. VAT) | U3 | Change prev wk | R3 | Changeprev wk | O3 | Change prev wk | P+3 | Changeprev wk |
| Steers | 488 | ▲1 | 477 | ▲2 | 460 | ▲0 | 429 | ▲1 |
| Heifers | 498 | ▲4 | 484 | ▲2 | 474 | ▲4 | 427 | ▲5 |
| Y Bulls | 481 | ▲3 | 466 | ▼-1 | 452 | ▲4 | 442 | ▲4 |
| Cows | 0 | ▲0 | 437 | ▲1 | 410 | ▲0 | 391 | ▼-101 |
Official GB Prices as Reported by AHDB
| Steers | Steers | Heifers | Heifers | Y bull | Y bull | Cow | |
| p/kg | R3 | R4L | R3 | R4L | R3 | R4L | -O4L |
| 05/11/2022 | 451.9 | 455.4 | 450.8 | 454.1 | 439.2 | 439.7 | 358.1 |
| 12/11/2022 | 452.4 | 456.2 | 444.8 | 450.4 | 454.4 | 441.7 | 440.7 |
| Change | ▲1 | ▲1 | ▼-0 | ▲0 | ▲2 | ▼-0 | ▼-1 |
| Price in c/kg (Incl VAT) | 549.1 | 553.7 | 546.7 | 551.5 | 534.9 | 533.5 | 433.7 |
Euro Price for the Most Recent Week (€/KG Deadweight excl. VAT)
| Country & Type | 07/11/2020 | 11/06/2021 | 05/11/2022 |
| EU + Y Bulls | € 7.03 | € 4.27 | Not Available |
| IE + Steers | € 7.19 | € 4.15 | € 4.51 |
| UK + Steers | € 8.28 | € 4.86 | € 5.15 |
Live Exports W/C 31.10.2022
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)
| Animal | Figure | Change | YTD | YTD Change |
| Lambs/Hoggets | 467 | ▼-151 | 903593 | ▲205,721 |
| Spring Lambs | 53519 | ▲7,644 | 1282921 | ▼-67,532 |
| Ewes and Rams | 9427 | ▲1,951 | 338885 | ▲24,166 |
| Light Lambs | 2 | ▲0 | 141 | ▲12 |
| TOTAL | 63415 | ▲9,444 | 2525540 | ▲162,367 |
Official Irish Prices as Reported by DAFM – WK 45 (13.11.2022)
| c/kg (Incl. VAT) | WK 45 | Change prev wk | 2021 | Changeprev yr |
| National Avg Price | 617.90 | ▲5 | 684.64 | ▼-67 |
| YTD Avg | 684.59 | ▼-2 | 658.43 | ▲26 |
Official GB Prices as Reported by AHDB
| R3L | Overall SQQ* | Type of lamb | |
| 05/11/2022 | 516.1 | 512.6 | New season |
| 12/11/2022 | 537.5 | 534.5 | New season |
| Change | ▲21 | ▲22 |
Live Sheep Exports 18/07/2022
