Beef Update
IFA National Livestock Chair Brendan Golden said attempts by factories to reduce quotes is unacceptable. He said beef farmers do not have the capacity to absorb the production cost increases associated with cattle finishing and factories must be stronger in the market place to reflect this in beef prices. The IFA National Livestock Chair said the Prime Export Benchmark Price for the latest week shows a price differential of 22c/kg with our beef price reflecting the returns available from our export markets for beef, there is clearly capacity in the market place to return higher prices and close this gap. He noted tight supplies and strong global demand for beef is underpinning the trade. Brendan Golden said winter finishers are in the process of making key decisions for the coming months, factories must reflect the realities of the current market in stronger prices now and offer winter finishers minimum price guarantees for their cattle for this Winter and next Spring.
Beef Price Update 22/09/2022
Steer Base €4.70/4.80kg. Heifers €4.75/4.85kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €4.70/5.00Kg. Cows €4.40/4.90kg.
Supply Figures as Reported by DAFM – WK 37 (18.09.2022)
| Animal | Number | Change prev wk | % of total | YTD | YTD Change |
| Y Bulls | 1,476 | ▼-80 | 4% | 99,121 | ▲5,230 |
| Bull | 718 | ▲198 | 2% | 21,148 | ▲1,331 |
| Steer | 18,125 | ▲379 | 50% | 492,877 | ▲26,942 |
| Cow | 7,044 | ▲462 | 19% | 282,157 | ▲37,980 |
| Heifer | 9,195 | ▼-477 | 25% | 353,486 | ▲19,696 |
| Veal-V | 4 | ▼-3 | 0% | 28,033 | ▲7,294 |
| Veal-Z | 18 | ▼-16 | 0% | 1,241 | ▲65 |
| Total | 36,580 | ▲463 | 100% | 1,278,063 | ▲98,538 |
Official Irish Prices as Reported by DAFM – WK 37 (18.09.2022)
| c/kg(Incl. VAT) | U3 | Change prev wk | R3 | Change prev wk | O3 | Change prev wk | P+3 | Change prev wk |
| Steers | 510 | ▼-5 | 500 | ▼-3 | 481 | ▼-4 | 450 | ▼-4 |
| Heifers | 515 | ▼-6 | 503 | ▼-4 | 492 | ▼-3 | 451 | ▲0 |
| Y Bulls | 499 | ▲0 | 488 | ▲0 | 465 | ▼-3 | 452 | ▲1 |
| Cows | 0 | ▲0 | 472 | ▼-6 | 451 | ▼-5 | 438 | ▼-4 |
Official GB Prices as Reported by AHDB
| Steers | Steers | Heifers | Heifers | Y bull | Y bull | Cow | |
| p/kg | R3 | R4L | R3 | R4L | R3 | R4L | -O4L |
| 10/09/2022 | 444.3 | 447.1 | 444.3 | 446.5 | 434 | 432.8 | 372.2 |
| 17/09/2022 | 445.8 | 448.4 | 438.7 | 443.3 | 447.9 | 435.7 | 436.1 |
| Change | ▲2 | ▲1 | ▼-1 | ▲1 | ▲2 | ▼-1 | ▲0 |
| Price in c/kg (Incl VAT) | 553.8 | 557.1 | 550.7 | 556.4 | 541.8 | 536.2 | 462.5 |
Euro Price for the Most Recent Week (€/KG Deadweight excl. VAT)
| Country & Type | 12.09.2020 | 11.09.2021 | 10.09.2022 |
| EU + Y Bulls | € 3.51 | € 3.98 | € 4.99 |
| IE + Steers | € 3.63 | € 4.17 | € 4.79 |
| UK + Steers | € 4.09 | € 4.82 | € 5.08 |
Live Exports W/C 12.09.2022
Sheep Update
IFA Sheep Committee Chairman Kevin Comiskey said stronger prices are needed now and throughout the back end of the year. He said that farmers are hugely concerned in relation to increased costs of inputs and that looking at the current meal prices, factories will need to push on prices to ensure production systems are maintained throughout the year. The IFA Sheep chairman said that prices of €6.10/kg to €6.50/kg are currently available to 22kgs with higher prices on offer for groups and larger lots. “The current lamb prices do not reflect the increased costs farmers have experienced this year and this cannot continue. Proper support and decent prices that reflect the costs associated with lamb production must come now and continue through the back end of the year” he said. Cull ewes are in general moving between €3.40/kg and €3.70/kg, with some deals above these prices.
Lamb Price Update 22/09/2022
Lamb €6.10/6.50/kg to 22kg. Higher deals groups/larger lots. Ewes €3.40/3.70/kg.
Supply Figures as Reported by DAFM – WK 37 (18.09.2022)
| Animal | Figure | Change | YTD | YTD Change |
| Lambs/Hoggets | 994 | ▼-517 | 897,886 | ▲201,143 |
| Spring Lambs | 49,961 | ▲4,324 | 873,718 | ▼-84,363 |
| Ewes and Rams | 13,219 | ▼-338 | 251,151 | ▲8,592 |
| Light Lambs | 2 | ▼-2 | 113 | ▼-4 |
| TOTAL | 64,176 | ▲3,467 | 20,22,868 | ▲125,368 |
Official Irish Prices as Reported by DAFM – WK 37 (18.09.2022)
| c/kg (Incl. VAT) | WK 37 | Change prev wk | 2021 | Change prev yr |
| National Avg Price | 613.18 | ▲4 | 588.26 | ▲25 |
| YTD Avg | 699.98 | ▼-2 | 664.58 | ▲35 |
Official GB Prices as Reported by AHDB
| R3L | Overall SQQ* | Type of lamb | |
| 10-Sep-22 | 530.2 | 527.7 | New season |
| 17-Sep-22 | 526.1 | 523.6 | New season |
| Change | ▼-4 | ▼-4 | |
| Price in c/kg (Incl VAT) | 653.6 | 650.5 |
Live Sheep Exports 18/07/2022
