Cattle Price Comment
IFA National Livestock chairman Brendan Golden said factories are actively seeking in-spec cattle for the lucrative supermarket trade in the UK with prices rising by 5-10c/kg this week. The cattle price in the UK continues to rise and with domestic supplies also projected to tighten market conditions justify better returns from factories, the UK price for R4L steers jumped 5c/kg to the vat inclusive equivalent of €4.57/kg in the past week.
Sheep Price Comment
IFA National Sheep committee chairman Sean Dennehy said strong market demand and tight supplies of finished lamb is driving the trade, with prices up a further 10c/kg this week. €5.50 to €5.60/kg is available from all factories at this stage with deals for larger lots and producer groups pushing past these prices. Strong competition in the mart trade is underpinning factory prices. Supplies will continue to be tight. Cull ewes are making €2.70 to €2.90/kg. Lambs should be moved as they become fit.
Beef Market Update
Latest Beef Price Update 19th November 2020:
Steers €3.60-3.70/kg. Heifers €3.65-3.75/kg. Y bulls €3.40-3.75/kg. Cows €2.80-3.30/kg.
Week 46 Supply Figures 9th November – 15th November 2020
| Animal | Numbers | % of Total Supply | % Change from Previous Week |
|---|---|---|---|
| Steers | 15,446 | 39% | -0.7% |
| Heifers | 12,224 | 31% | +7.6% |
| Young Bulls | 2,430 | 6% | +17.9% |
| Cows | 8,471 | 22% | -5.1% |
| Total | 33,178 | +1.6% |
Year to Date Supply Figures
| Numbers | Change from 2019 | |
|---|---|---|
| Total | 1,580, 158 | +2.5% |
Official Irish Prices
| Animal | Euro/Kg | Change from previous. week |
| R3 Steers | €3.79 | 0.0% |
| R3 Heifers | €3.86 | +0.3% |
| R3 Y Bulls | €3.62 | -0.5% |
| R3 Cows | €3.06 | -2.2% |
Official GB Prices
| Animal | GBP/Kg | Change from prev. week | €/Kg vat incl. eq. |
| R3 Steers | £3.81 | +1.1% | €4.51 |
| R3 Heifers | £3.79 | +0.5% | €4.49 |
| R3 Y Bulls | £3.70 | -0.3% | €4.38 |
| R3 Cows | £2.70 | -1.8% | €3.20 |
LIVE EXPORTS
Lamb Market Update
Latest Lamb Price Update 19th November 2020
QA lambs getting €5.30-5.40/kg. Producer groups on slightly higher. Ewes €2.60-€2.85/kg.
Week 46 Supply Figures 9th November – 15th November 2020
| Animal | Numbers | % Change from Previous Week | % Change from Same Week 2019 |
|---|---|---|---|
| Sheep | 55,353 | -6.1% | 3% |
Year to Date Supply Figures
| Numbers | Change from 2019 | |
|---|---|---|
| Total | 2,535,794 | +4% |
Official Irish Prices
| Animal | Euro/Kg | Change from previous. week |
| Lamb | €5.12 | +21% |
Official GB Prices
| Animal | GBP/Kg | €/Kg vat incl. eq. |
| Lamb | £4.63 | €5.48 |
Live Trade: Total live exports stood at 24,807 head to the 01 October 2020
Select and Sell: As always, the advice is to move lambs as they become fit.
