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Beef & Sheep Update 20th August

Cattle and Sheep in Wicklow field

Beef Update

Brendan Golden said farmers should ignore the negative propaganda from factories and their agents who are intent on trying to undermine the market. Supplies of cattle for the remainder of the year are predicted by Bord Bia to be back up to 40,000 head compared to last year. In our main market – the UK – supplies are running below last year’s levels by 5%. This is forecast to continue for the year. He said GB prices have strengthened consistently since mid-May with EU Young Bull prices also edging upwards, highlighting the demand for beef in our main markets. The IFA Livestock Chairman said the latest Prime Irish Composite price is €4.23/kg, compared to the EU Prime Export Benchmark price of €4.06/kg, with the Export Benchmark Price increasing by 3c/kg on the week.

Beef Price Update 19/08/21

Steer Base €4.15/4.20kg. Heifers €4.20/4.25kg. Higher deals larger lots. Y Bulls R/U €4.25/4.40Kg. Cows €3.60/4.00kg.

Supply Figures as Reported by DAFM  – Week 32 (09.08.2021)

AnimalNumberChangeprev wk% of totalYTDYTD Change
Y Bulls1,504▲1144%86,624▼-13,727 
Veal-Z7▼-14 0%1,095▲98

Official Irish Prices as Reported by DAFM – Week 32 (09.08.2021)

c/kg (Incl. VAT)U3Changeprev wkR3Changeprev wkO3Changeprev wkP+3Changeprev wk
Steers457▼-3 446▼-4 430▼-4 397▼-5 
Heifers462▼-4 449▼-4 438▼-6 393▼-6 
Y Bulls440▼-3 429▼-2 410▼-4 402▼-11 
Cows0▲0389▼-2 368▼-2 357▼-2 

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▼-0 ▲1▲2▲1▼-1 ▲0▲1
Price in c/kg(Incl VAT)509.5514.2510.3513.3500.5497.5389.2

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

Country & Type10.08.201908.08.202007.08.2021
EU + Y Bulls€ 3.49€ 3.53€ 3.88
IE + Steers€ 3.45€ 3.75€ 4.26
UK + Steers € 3.58€ 4.15€ 4.84

Live Exports W/C 09.08.2021

Source: Bord Bia

Sheep Update

IFA Sheep Chairman Sean Dennehy said lamb prices have increased by up to 20c/kg this week as factories compete for supplies. He said prices of €6.40/kg are available, with deals to 21.5kgs. Better deals are available for larger lots and groups. Cull ewes are making €3.40 to €3.60/kg. He said store and breeding sales are buoyant in the marts and they’re providing competition for lamb supplies to the factories. He said farmers should sell hard in a strong market, while moving lambs as they become fit. “The orderly selling of lambs this year is ensuring there will be no glut of lambs coming onto the market. The absence of imports from outside the EU in the market place is also a significant contributor to the positive market conditions which should prevail for the year,” he said.

Lamb Price Update 19/08/21

Spring Lamb €6.20/6.40kg to 21.5kgs Higher deals groups and larger lots. Good Demand. Sell Hard. Ewes 3.40/3.60kg.

Supply Figures as Reported by DAFM – Week 32 (09.08.2021)

AnimalFigureChangeYTDYTD Change
Lambs/Hoggets265▼-244 696,079▼-91,245 
Spring Lambs51,823▲9,973695,751▼-11,435 
Ewes and Rams9,946▲2,166195,318▼-15,598 
Light Lambs0▼-6 111▲67

Official Irish Prices as Reported by DAFM – Week 32 (09.08.2021)

c/kg (Incl. VAT)WK 32Changeprev wk2020Changeprev yr
National Avg Price593.47▼-11 486.72▲107
YTD Avg673.99▼-3 526.78▲147

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
17/06/2021527.1528.8New season
24/07/2021512515.8New season
Change▼-15 ▼-13  
Price in c/kg (Incl VAT)628.7633.4 
Source: Bord Bia

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