Beef & Sheep UpdateCattleCattle PricesSheepSheep Prices

Beef & Sheep Update 1st December

Cattle and Sheep in Wicklow Field, Ireland

Beef Update

IFA Livestock Chairman Brendan Golden said factories are not reflecting the strength of the market in returns paid to farmers, despite prices moving on a further 10c/kg this week. He said despite the upward trajectory in quotes, the prime Irish composite price continues to lag 28c/kg behind the prime export benchmark price and this is unacceptable. Demand for beef in our key export markets in the lead up to the Christmas trade has been very firm, creating strong demand for Irish beef. He said factories are currently filling orders for this market and with supplies of suitably finished in spec cattle tight, prices must move on to reflect the full value of this market. Base prices for steers are now making from €4.75/kg to €4.85/kg, while heifers are making from €4.80kg to €4.90kg with higher deals for larger and specialised lots. He said Factories are having to pay up to 10c/kg above quotes to secure cattle this week.

Beef Price Update 01/12/2023

Base Quotes Steer €4.75/4.85kg. Heifers €4.80/4.90kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €4.80/5.00Kg. Cows €3.90/4.60kg.

Supply Figures as Reported by DAFM – WK 47 (26.11.2023)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls2,305▲1716%104,680▼-14,740 
Bull444▼-73 1%25,761▼-295 
Steer13,619▼-219 36%637,832▼-22,056 
Cow11,299▼-670 29%370,174▲724
Veal-V10▼-1 0%30,717▲2,365
Total38,350▼-685 100%1,614,996▼-49,201 

Official Irish Prices as Reported by DAFM – WK 47 (26.11.2023)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Change prev wkP+3Change prev wk
Y Bulls494▲10486▲12469▲11464▲14

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▼-1 ▲0▼-1 ▲1▲5▲3▲1
Price in c/kg (Incl VAT)600.4605.7598.0603.6589.0579.0394.0

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

Country & Type11.27.202111.27.202211.25.2023
EU + Y Bulls€ 4.37€ 5.12€ 4.92
IE + Steers€ 4.19€ 4.67€ 4.59
UK + Steers € 4.94€ 5.11€ 5.52

Live Exports W/C 13.11.2023

Source: Bord Bia

Sheep Update

IFA Sheep Chairman Adrian Gallagher has criticized factories for the unjustified attempts to weaken lamb’s prices this week. He said numbers of suitable lambs are tight on the ground and there was no rational to weaken lamb prices. He said this behaviour only serves to undermine confidence within the sector and has called on factories to increase prices at this critical time of the year for sheep farmers. Factories are offering €6.50kg to €6.70kg on weights to 23kg, with higher deals for groups and larger lots. Cull ewes are making from €2.70kg to €3.10kg in general. Adrian Gallagher said farmers should sell hard, consider the mart outlet and be mindful of weights when drafting lambs.

Lamb Price Update 01/12/2023

Spring Lamb €6.50/6.70/kg. Weights to 23kg. Higher deals groups/larger lots. Ewes €2.70/3.10/kg.

Supply Figures as Reported by DAFM – WK 47 (26.11.2023)

AnimalFigureChangeYTDYTD Change
Lambs/Hoggets1,996▼-121 986,437▲81,702
Spring Lambs51,469▲8671,301,182▼-76,214 
Ewes and Rams6,249▼-279 305,970▼-48,603 
Light Lambs0▲0149▲2

Official Irish Prices as Reported by DAFM – WK 47 (26.11.2023)

c/kg (Incl. VAT)This week Change prev. wk2022Change prev. yr
National Avg Price645.63▲4648.93▼-3 
YTD Avg661.15▼-0 682.59▼-21 

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
18/11/2023592.3589.9New season lamb
25/11/2023592.0588.7New season lamb
Change▼-0 ▼-1  
Price in c/kg (Incl VAT)726.9722.9 

Live Sheep Exports Jan-Sep

Source: Bord Bia

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