Beef & Sheep UpdateCattleCattle PricesSheepSheep Prices

Beef & Sheep Update 20th May

Cattle and Sheep in field, Wicklow, Ireland

Beef Update

IFA Livestock Chairman Brendan Golden said beef prices continue to rise by 5 to 10c/kg as factories struggle to match supplies with market demand. He said farmers would be well advised to shop around with up to 20c/kg difference between quoted and paid prices for all types of cattle. Brendan Golden said factory agents are also competing strongly for finished and forward store types in the marts and paying prices that leave some factory quotes well off the pace. The livestock chairman said demand for beef in our key UK and EU markets is driving the trade a situation that will continue into the summer months and must be availed of to return higher beef prices to farmers as supplies tighten.

Beef Price Update 19/05/2022

Steer Base €5.05/5.25kg. Heifers €5.10/5.30kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €5.20/5.50Kg. Cows €4.50/5.10kg

Supply Figures as Reported by DAFM – Week 19  (15.05.2022)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls3,134▲5959%55,957▲1,796

Official Irish Prices as Reported by DAFM – Week 19  (15.05.2022)

c/kg(Incl. VAT)U3Change prev wkR3Change prev wkO3Change prev wkP+3Changeprev wk
Y Bulls530▲15518▲11497▲9483▲8

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▲0▲0▲1▼-0 ▲1▼-2 ▼-0 
Price in c/kg (Incl VAT)553.2556.0554.7557.2546.4544.2469.0

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

Country & Type02.05.202001.05.202130.04.2022
EU + Y Bulls€ 3.42€ 3.82€ 5.14
IE + Steers€ 3.43€ 4.09€ 4.90
UK + Steers € 3.76€ 4.68€ 5.21

Live Exports W/C 18.04.2021

Source: Bord Bia

Sheep Update

IFA Sheep Committee Chairman Kevin Comiskey said hogget prices have remained steady in the region of €7.50/kg and as numbers tighten demand from factories for spring lamb is increasing. With spring lamb numbers running well below last years levels factories have had to strengthen prices and are competing strongly in marts for lambs where the trade has moved on again over the past few days. Spring lamb numbers are running 19,000 behind last years levels to-date with the latest week 8,400 behind the corresponding week in 2021. Kevin Comiskey said deals on weights to 21kgs for lambs are common place with prices of €8.40 to €8.50/kg as factories try to secure numbers. Higher prices are available to groups and for larger lots of lambs. Cull ewes remain in strong demand and are making up to €4.50/kg. The IFA sheep chairman said the mart trade is proving a real viable alternative for sheep farmers with factory agents paying above what they are offering on factory quotes to some farmers.

Lamb Price Update 19/05/2022

Hogget €7.30/7.50/kg. Spr lamb €8.20/8.40/kg. Weights 20.5/21kg. Higher deals groups/larger lots. Ewes €3.80/4.20/kg.

Supply Figures as Reported by DAFM – Week 19  (15.05.2022)

Lambs/Hoggets23,335▼-3,407 835,540▲161,178
Spring Lambs19,094▲3,86461,197▼-19,337 
Ewes and Rams6,610▲1,16198,598▼-5,355 
Light Lambs4▲248▼-48 

Official Irish Prices as Reported by DAFM –  Week 19  (15.05.2022)

c/kg (Incl. VAT)WK 19Change prev wk2021Changeprev yr
National Avg Price744.22▲5758.02▼-14 
YTD Avg700.78▲2680.34▲20

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
07/05/2022609.6603.3Old season
14/05/2022612.7605.1Old season
Price in c/kg (Incl VAT)761.2751.7 
Source: Bord Bia

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