Beef & Sheep UpdateCattleCattle PricesSheepSheep Prices

Beef & Sheep Update 24th November

Cattle and Sheep in Wicklow field

Beef Update

IFA Livestock Chairman Brendan Golden said beef prices have moved on 10c/kg this week on the back of tight supplies and strong market demand. He said factories are having to pay 10c/kg to 15c/kg above quotes this week to secure cattle as farmers rightly dig in and demand stronger returns from the market place. Tight supplies are evident of the ground with last week’s throughput showing a drop of 1,600/head on steers alone. He said prices in our key export markets are favourable creating strong demand for Irish beef in the run up to the Christmas trade. Despite the rising movement in beef prices, the prime Irish composite price continues to lag 31c/kg behind the prime export benchmark price and factories must continue this upward trajectory of prices to close this gap he said. The IFA Livestock Chairman said farmers should dig in and sell hard in this rising market.

Beef Price Update 23/10/2023

Base Quotes Steer €4.70/4.80kg. Heifers €4.75/4.85kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €4.80/5.00Kg. Cows €3.90/4.55kg.

Supply Figures as Reported by DAFM – WK 46 (19.11.2023)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls2,134▲1605%102,375▼-14,220 
Bull517▼-134 1%25,317▼-268 
Steer13,838▼-1,600 35%624,213▼-23,104 
Heifer10,538▼-369 27%433,705▼-15,009 
Veal-V11▼-17 0%30,707▲2,387
Veal-Z29▼-20 0%1,455▼-30 
Total39,036▼-1,313 100%1,576,647▼-49,704 

Official Irish Prices as Reported by DAFM – WK 46 (19.11.2023)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Change prev wkP+3Change prev wk
Y Bulls484▲0474▲0458▲0450▲0

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▼-0 ▼-2 ▲1▲0▼-1 ▼-13 ▼-5 
Price in c/kg (Incl VAT)601.3605.2599.2603.0583.1574.8393.3

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

Country & Type11.06.202111.05.202211.04.2023
EU + Y Bulls€ 4.27€ 4.87
IE + Steers€ 4.15€ 4.51€ 4.59
UK + Steers € 4.86€ 5.15€ 5.52

Live Exports W/C 06.11.2023

Source: Bord Bia

Sheep Update

IFA Sheep Chairman Adrian Gallagher said lamb prices remain steady this week. Lambs are making from €6.60kg to €6.80kg on weights to 23kg with higher deals for groups and larger lots. Mart sales have improved, where agents and wholesalers are very active and competing strongly for the limited number of fleshed lambs available. He said prices in marts are comparable to and above what factories are offering in cases. Cull ewes are making from €2.70kg to €3.10kg in general. Adrian Gallagher said it’s a critical time of year for sheep farmers and factories must return viable prices to reflect production costs on farms and to ensure store lamb buyers remain active in marts.  The IFA Sheep Chairman said factories are very anxious for lambs and farmers should sell hard and avoid selling unfinished lambs to maximise returns. 

Lamb Price Update 23/10/2023

Spring Lamb €6.60/6.80/kg. Higher deals groups/larger lots. Ewes €2.70/3.10/kg.

Supply Figures as Reported by DAFM – WK 46 (19.11.2023)

AnimalFigureChangeYTDYTD Change
Spring Lambs50,602▼-2,066 1,249,713▼-81,384 
Ewes and Rams6,528▼-1,894 299,721▼-48,103 
Light Lambs0▼-11 149▲8
TOTAL59,247▼-2,050 2,534,024▼-49,284 

Official Irish Prices as Reported by DAFM – WK 46 (19.11.2023)

c/kg (Incl. VAT)This week Change prev. wk2022Change prev. yr
National Avg Price641.37▼-4 626.17▲15
YTD Avg661.49▼-0 683.32▼-22 

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
11/11/2023578.4577.9New season lamb
18/11/2023592.3589.9New season lamb
Price in c/kg (Incl VAT)727.3724.3 

Live Sheep Exports Jan-Sep

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