Beef & Sheep UpdateCattleCattle PricesSheepSheep Prices

Beef & Sheep Update 22nd July

Cattle and Sheep in field, Wicklow, Ireland

Beef Update

IFA Livestock Chairman Brendan Golden said the beef trade has steadied this week with some signs of strengthening.  

He said supplies of finished cattle are tight and demand in our key export markets is good, factories are anxious for cattle and paying 10c to 20c/kg above quotes to close out deals.

Brendan Golden said factories are paying €4.80-5.00kg for steers and €4.85-5.05kg for heifers. Y bulls R/U are making €4.70-5.05kg while cows are ranging from €4.40-4.90kg with higher prices for larger and specialist lots. 

He said prices in marts for finished and forward store cattle are strong providing a real competitive alternative to factories and farmers should weigh up their options before selling.

Beef Price Update 21/07/2022

Steer Base €4.80/5.00/kg. Heifers €4.85/5.05/kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €4.70/5.05Kg. Cows €4.40/4.90kg.

Supply Figures as Reported by DAFM – WK 28 (17.07.2022)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls2,655▼-94 8%83,398▲3,553
Cow7,939▼-6 24%221,461▲33,682
Heifer8,695▼-304 26%271,041▲16,622
Veal-V3▼-3 0%27,914▲7,333
Veal-Z12▼-1 0%1,065▲45
Total33,044▼-18 100%963,750▲88,944

Official Irish Prices as Reported by DAFM – WK 28 (17.07.2022)

c/kg(Incl. VAT)U3Change prev wkR3Changeprev wkO3Change prev wkP+3Change prev wk
Steers530▼-9 520▼-10 508▼-7 470▼-10 
Heifers539▼-15 525▼-9 515▼-9 470▼-5 
Y Bulls524▼-10 512▼-12 482▼-14 469▼-8 
Cows0▲0486▼-5 465▼-5 453▼-7 

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▼-3 ▼-1 ▼-3 ▼-2 ▼-2 ▼-4 ▼-5 
Price in c/kg (Incl VAT)555.7562.7554.8561.5547.1546.0470.2

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

Country & Type13.06.202012.06.202111.06.2022
EU + Y Bulls€ 3.50€ 3.87€ 4.87
IE + Steers€ 3.61€ 4.15€ 5.32
UK + Steers € 4.05€ 4.58€ 5.26

Live Exports W/C 11.07.2021

Sheep Update

IFA Sheep Chairman Kevin Comiskey said supplies of lamb have tightened this week with increased demand for lambs from factories. 

He said tight supplies of suitable lamb is evident on the ground with last week’s lamb kill back over 24,000 head from the previous week.

Market conditions for sheep meat are favourable. 

Deals up to €7.20kg and above for lambs are being offered by factories and farmers are advised to resist the lower quotes on offer. He said the store lamb trade has kicked off strong in marts providing further competition for the limited supply of lambs available. 

He said demand is strong and is expected to increase, and factories must ensure these positive market conditions are reflected in prices paid to farmers.

Lamb Price Update 21/07/2022

Lamb €6.90/7.10/kg. Higher deals groups/larger lots. Ewes €3.50/3.80/kg.

Supply Figures as Reported by DAFM – WK 28 (17.07.2022)

AnimalFigureChangeYTDYTD Change
Lambs/Hoggets754▼-1,128 892,753▲197,941
Spring Lambs44,660▼-24,242 434,510▼-63,079 
Ewes and Rams8,658▲960159,872▼-321 
Light Lambs5▲297▼-8 
TOTAL54,077▼-24,408 1,487,232▲134,533

Official Irish Prices as Reported by DAFM – WK 28 (17.07.2022)

c/kg (Incl. VAT)WK 28 Change prev wk2021Change prev yr
National Avg Price718.30▼-19 633.17▲85
YTD Avg720.43▼-0 683.86▲37

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
09/07/2022644.2645.9New season
09/07/2022637.7639.1New season
Change▼-7 ▼-7  
Price in c/kg(Incl VAT)792.2794.0 

Live Sheep Exports 18/07/2022

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