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Beef & Sheep Update 23rd June

Cattle and Sheep in field, Wicklow, Ireland

Beef Update

IFA National Livestock Chair Brendan Golden said the SCEP is a key contributor to the income of suckler farmers, providing the equivalent of over €150 on the first 22 cows and €120 on all remaining cows, and it is vital all farmers who applied to the scheme are paid in full on all of their eligible animals. 

A key scheme requirement is membership of SBLAS by the 16th of October 2023 and have continued participation for the duration of the programme. He said the Department of Agriculture and Bord Bia must ensure all farmers who applied for the SCEP meet the SBLAS requirement by the 16th of October. He reminded farmers who are not currently SBLAS approved they must contact Bord Bia to have their farm approved before the 16th of October deadline. He said farms must be fully Quality Assured by this date and to achieve this, applications should be made as soon as possible to avoid delays in getting approved before the deadline date. 

He said farmers who are not full members of SBLAS by this date will be removed from the programme. Brendan Golden said a high number of applications are anticipated in the coming weeks and he urged farmers to make contact with Bord Bia on 062 54900 to start the process.

Beef Price Update 22/06/2023

Base Quotes Steer €5.00/5.10kg. Heifers €5.05/5.15kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €5.00/5.30Kg. Cows €4.30/4.80kg.

Supply Figures as Reported by DAFM – WK 24 (18.06.2023)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls3,509▲12911%63,747▼-8,386 
Bull582▼-143 2%12,848▼-210 

Official Irish Prices as Reported by DAFM – WK 24 (18.06.2023)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Change prev wkP+3Change prev wk
Steers546▼-5 535▼-5 522▼-4 486▼-6 
Heifers560▼-3 539▼-6 528▼-4 477▼-6 
Y Bulls537▼-1 521▼-4 498▼-7 486▲1
Cows0▲0469▼-8 434▼-8 419▼-7 

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▼-3 ▼-3 ▼-4 ▼-3 ▼-2 ▼-3 ▼-3 
Price in c/kg (Incl VAT)610.2615.0607.6612.9603.3601.3508.5

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

Country & Type05.06.202104.06.202210.06.2023
EU + Y Bulls€ 3.86€ 4.91€ 4.94
IE + Steers€ 4.13€ 5.32€ 5.14
UK + Steers € 4.60€ 5.21€ 5.63

Live Exports W/C 12.06.2023

Source: Bord Bia

Sheep Upate

IFA Sheep Chairman Kevin Comiskey said lamb prices remain strong with further signs of improvements for the coming week. 

He said numbers of suitable lamb are extremely tight as factories struggle to match supplies with market demand. 

He said strong buying in marts continues with factory agents and live exports very anxious for lambs in the lead up to the EID festival commencing on June 28th. 

Factories prices for spring lambs are ranging from €7.80kg to €8.10kg on weights to 21kg. Hogget’s are making up to €7.40kg with cull ewes ranging from €3.30kg to €3.80kg in general. Kevin Comiskey said factories are very anxious for lambs and farmers should sell hard while moving lambs as they become fit.

Lamb Price Update 22/06/2023

Hogget €7.10/7.40/kg. Spr Lamb €7.80/8.10/kg. Higher deals groups/larger lots. Ewes €3.30/3.80/kg.

Supply Figures as Reported by DAFM – WK 24 (18.06.2023)

AnimalFigureChangeYTDYTD Change
Lambs/Hoggets9,294▼-1,533 956,382▲70,597
Spring Lambs37,200▲9,022187,907▼-45,860 
Ewes and Rams6,003▲1,220127,552▼-1,492 
Light Lambs4▲1116▲27

Official Irish Prices as Reported by DAFM – WK 24 (18.06.2023)

c/kg(Incl. VAT)WK 24Change prev wk2022Change prev yr
National Avg Price756.63▲20800.22▼-44 
YTD Avg674.93▲4717.68▼-43 

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
10/06/2023672.3673.6New season lamb
17/06/2023655.5655.7New season lamb
Change▼-17 ▼-18  
Price in c/kg (Incl VAT)814.4814.6 

Live Sheep Exports 01.04.2023

Source: Bord Bia

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