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Beef & Sheep Update 23rd July

Cattle and Sheep in field, Wicklow, Ireland

Beef Update

IFA Livestock committee chairman Brendan Golden said there is good competition between factories. Tight supplies are driving demand with throughput 67,000 less than for the same period in 2020. Bord Bia predict this trend to continue up to the end of the year with yearly supplies expected to be back 120,000 head on 2020. Bullocks are making €4.25 to €4.35/kg, heifers €4.30 to €4.40/kg and Young bulls R/U grades €4.25 to €4.40/kg. Demand for cows is also strong, prices of up to €4.00/kg are being achieved for R and U grades with P grades starting at €3.60/kg, O grades making €3.70 to €3.80/kg in most factories. Conditions in our key export markets are strengthening as prices in the UK and EU have seen steady increases.

Beef Price Update 22/07/2021

Steer base €4.25/4.35kg. Heifers €4.30/4.40kg. Higher deals larger lots. Y Bulls R/U €4.30/4.40kg. Cows €3.60/4.00kg.

Supply Figures as Reported by DAFM – Week 28 (12.07.2021)

AnimalNumberChange prev. wk.% of totalYTDYTD Change
Y Bulls2,047▼-321 6%79,846▼-14,044 
Bull544▼-34 2%14,210▼-3,837 
Heifer8,709▼-152 26%254,419▼-28,644 
Veal-V6▼-1 0%20,581▼-5,812 

Official Irish Prices as Reported by DAFM – Week 28 (12.07.2021)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Change prev wkP+3Changeprev wk
Y Bulls451▲4437▲0415▼-3 404▼-12 

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Price in c/kg(Incl VAT)506.9510.6507.6511.1501.8500.8386.2

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

Country & Type13.07.201911.07.202010.07.2021
EU + Y Bulls€ 3.48€ 3.49€ 3.86
IE + Steers€ 3.59€ 3.66€ 4.25
UK + Steers € 3.70€ 4.07€ 4.71

Live Exports W/C 05.07.2021

Source: Bord Bia

Sheep Update

IFA Sheep committee chairman Sean Dennehy said prices are steady following the increased market demand during Eid al-Adha festival which concludes today. Demand for factory fit lambs will remain strong as supplies will be limited following the earlier selling of lighter lambs in the past few weeks. Factories are paying €6.30 to €6.40/kg for lambs. The reopening of indoor dining will also contribute to driving the trade on. Store sales and the commencement of breeding sales over the coming weeks will add further competition to the trade. Ewes are in good demand in both the factory and the mart, factory prices are ranging from €3.30 to €3.60/kg. 

Lamb Price Update 22/07/21

Spring Lamb €6.30/6.40/kg. Higher deals groups and larger lots. Good Demand. Sell Hard. Ewes €3.30/3.60kg.

Supply Figures as Reported by DAFM – Week 28 (12.07.2021)

AnimalFigureChangeYTDYTD Change
Lambs/Hoggets442▼-70 694,812▼-91,409 
Spring Lambs71,628▲21,636497,589▲21,104
Ewes and Rams5,861▼-2,056 160,193▼-19,089 
Light Lambs0▲0105▲64

Official Irish Prices as Reported by DAFM – Week 28 (12.07.2021)

c/kg(Incl. VAT)WK 28Change prev wk2020Change prev yr
National Avg Price633.17▲13529.01▲104
YTD Avg683.86▼-2 528.73▲155

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
26/06/2021544.9546.4New season
03/07/2021548.7548.5New season
Price in c/kg (Incl VAT)681.7681.4 
Source: Bord Bia

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