Beef & Sheep UpdateCattle PricesSheep Prices

Beef & Sheep Update 22nd April

Cattle and Sheep in Wicklow Field, Ireland

Beef Update

IFA livestock chairman Brendan Golden said beef price rises in our key export markets and in particular the EU market are not being reflected in the prices factories are offering farmers.

He said while prices continue to creep up 5c/kg a week the price surge for young bulls on the continent and price increases in the UK are leaving our prices lagging behind the prime export benchmark price by over 30c/kg on the latest report.

The IFA livestock chairman said factories must reflect the buoyant market conditions for Irish beef in the UK and EU markets by closing the gap with the export benchmark price.

Beef Price Update 21/04/2022

Steer Base €4.80/4.95kg. Heifers €4.85/5.00kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €4.80/5.00Kg. Cows €4.20/4.75kg.

Supply Figures as Reported by DAFM – Week 15 (17.04.2022)

AnimalNumberChange prev. wk.% of totalYTDYTD Change
Y Bulls1,914▼-630 5%45,687▲1,405
Bull590▼-64 2%7,845▲1,271
Steer13,502▼-98 39%186,221▲16,021
Cow8,017▼-747 23%113,981▲21,000
Heifer9,921▼-1,049 28%155,244▲11,206
Veal-V1,003▼-762 3%26,522▲6,739
Veal-Z47▼-2 0%640▲0

Official Irish Prices as Reported by DAFM – Week 15 (17.04.2022)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Changeprev wkP+3Changeprev wk
Y Bulls502▲1491▲1471▲4458▼-7 

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Price in c/kg (Incl VAT)557.0559.3558.0560.7546.6548.1471.2

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

Country & Type11.04.202010.04.202109.04.2022
EU + Y Bulls€ 3.44€ 3.77€ 5.17
IE + Steers€ 3.45€ 3.90€ 4.78
UK + Steers € 3.79€ 4.64€ 5.19

Live Exports W/C 04.04.2021

Source: Bord Bia

Sheep Update

IFA Sheep committee chairman Kevin Comiskey said factory prices for hoggets and spring lamb are not reflecting the increased production costs on sheep farms.

He said prices are currently running up to 30c/kg below last year for hoggets and must push on. Prices in the UK and France have shown strong growth over the past few weeks reflecting market demand for sheep meat.

Kevin Comiskey said factories must come forward with significant price increases to reflect market conditions and the investment of sheep farmers in producing hoggets and spring lamb at this time of year.

Lamb Price Update 21/04/2022

Hogget €7.20/7.50/kg. Spr lamb €8.00/8.30/kg. Higher deals groups/larger lots. Ewes €3.80/4.00/kg.

Supply Figures as Reported by DAFM – Week 15 (17.04.2022)

Lambs/Hoggets48683▼-6,404 702902▲105,596
Spring Lambs4844▲2,1489904▲772
Ewes and Rams4759▲56475195▼-2,907 
Light Lambs14▲1440▼-50 
TOTAL58300▼-3,678 788041▲103,411

Official Irish Prices as Reported by DAFM – Week 15 (17.04.2022)

c/kg (Incl. VAT)WK 15Change prev wk2021Changeprev yr
National Avg Price729.74▲0779.25▼-50 
YTD Avg690.74▲3661.67▲29

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
09.04.2022595.8592.9Old season
19.03.2022600.6595.4Old season
Price in c/kg (Incl VAT)755.0748.5 

Live Sheep Exports 2021

Source: Bord Bia

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