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Beef & Sheep Update 19th November

Cattle and Sheep in Wicklow Field, Ireland


IFA Livestock Chairman Brendan Golden said beef prices have started to move upwards as factories struggle to secure supplies. He said most farmers are now securing €4.20/kg for steers, with prices up to €4.30/kg offered for specialist lots.  Most heifers are now moving at €4.25/kg, with up to €4.35/kg offered at the top end. He said prices in the UK have strengthened again and supplies are running 4% below 2020 levels, creating strong demand for Irish beef for the lucrative Christmas trade. The IFA Livestock Chairman said our beef prices are lagging 9c/kg behind the latest Prime Export Benchmark price and must push on. “Factories need cattle to fill the lucrative Christmas orders and must return the full value of the current strong market conditions,” he said.

Beef Price Update 18/11/21

Steer Base €4.20/4.30kg. Heifers €4.25/4.35kg. Higher deals larger lots. Y Bulls R/U €4.15/4.30Kg. Cows €3.50/4.00kg.

Supply Figures as Reported by DAFM – Week 45 (08.11.2021)

AnimalNumberChange prev. wk.% of totalYTDYTD Change
Y Bulls2,523▲2677%108,460▼-10,677 
Bull451▼-32 1%23,619▼-5,510 
Steer14,630▼-1,208 40%597,616▼-11,226 
Veal-Z33▼-14 0%1,420▲54
Total36,870▼-624 100%1,468,150▼-72,746 

Official Irish Prices as Reported by DAFM – Week 45 (08.11.2021)

c/kg(Incl. VAT)U3Changeprev wkR3Changeprev wkO3Changeprev wkP+3Changeprev wk
Y Bulls430▲1422▲0409▲0399▲0
Cows0▲0384▼-3 362▼-1 346▼-3 

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▼-0 ▼-2 ▲2▲2▼-1 ▲2▼-1 
Price in c/kg (Incl VAT)527.2529.8528.1530.5517.6512.2353.3

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

Country & Type16.11.201914.11.202013.11.2021
EU + Y Bulls€ 3.61€ 3.52€ 4.30
IE + Steers€ 3.43€ 3.60€ 4.15
UK + Steers € 3.86€ 4.20€ 4.83

Live Exports W/C 08.11.2021

Source: Bord Bia


IFA Sheep Chairman Sean Dennehy said the lamb trade continues to strengthen, driven by strong market demand and tight supplies of finished lamb. Factories are paying €7.30/kg to €7.50/kg with higher deals available for groups and larger lots. In addition, transport and weights to 22.5kg and 23kg are on the table to close out deals he said. Strong factory demand is feeding through to mart sales where factory agents, wholesalers and store buyers are competing very strongly for the limited number of lambs available. He said store lambs making from €3.10/kg to €3.50/kg in marts, with hill type lambs coming into €3.00/kg to €3.20/kg. Sean Dennehy said returns from mart sales are comparable to and in some cases above prices factories are offering, providing farmers a real alternative market for their lambs.

Lamb Price Update 18/11/21

Lamb €7.30/7.50/kg Higher deals groups/larger lots Weights to 22.5/23kgs Ewes €3.10/3.30/kg.

Supply Figures as Reported by DAFM – Week 45 (08.11.2021)

AnimalFigureChangeYTD YTD Change
Lambs/Hoggets53▼-25 697,872▼-92,347 
Spring Lambs48,198▼-134 1,350,453▼-4,976 
Ewes and Rams7,483▼-1,786 314,719▼-20,014 
Light Lambs3▲2129▲69
TOTAL55,737▼-1,943 2,363,173▼-117,268 

Official Irish Prices as Reported by DAFM – Week 45 (08.11.2021)

c/kg (Incl. VAT)WK 45Changeprev wk2020Change prev yr
National Avg Price684.64▲30497.74▲187
YTD Avg658.43▲593517.88▲141

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
06.11.2021557.7556.5New season
13.06.2021598.8597.4New season
Price in c/kg (Incl VAT)752.8751.0 

Total Live Sheep Exports 12/10/2021

Source: Bord Bia

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