Beef & Sheep UpdateCattleSheep

Beef & Sheep Update 24th September

Cattle and Sheep in Wicklow Field, Ireland

Beef Update

IFA Livestock Chairman Brendan Golden said “The prime export benchmark price, which reflects the strength of the market conditions in our key beef markets has now passed the Irish price by 2c/kg to rest at €4.12/kg, compared with the Irish price excluding VAT of €4.10/kg”. He said “Cattle numbers are tight and will remain tight for the year bolstered by strong live exports of forward store and slaughter fit cattle to Northern Ireland to date this year”. Brendan Golden said that demand is strong and beef price must push on to maximise returns to farmers from very favourable market conditions”.

Beef Price Update 23/09/2021

Steer Base €4.20/4.30kg. Heifers €4.25/4.35kg. Higher deals larger lots. Y Bulls R/U €4.15/4.30Kg. Cows €3.60/4.00kg.

Supply Figures as Reported by DAFM – Week 37 (13.09.2021)

AnimalNumberChange prev. wk.% of totalYTDYTD Change
Y Bulls1,484▼-147 4%93,891▼-13,080 
Bull614▼-2 2%19,817▼-4,637 

Official Irish Prices as Reported by DAFM – Week 37 (13.09.2021)

c/kg (Incl. VAT)U3Change prev wkR3Changeprev wkO3Changeprev wkP+3Changeprev wk
Y Bulls434▲0421▼-2 408▼-2 404▲0

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▼-1 ▼-0 ▼-1 ▼-1 ▼-1 ▼-2 ▼-1 
Price in c/kg (Incl VAT)512.2516.5512.9516.0502.7498.2376.7

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

Country & Type21.09.201919.09.202018.09.2021
EU + Y Bulls€ 3.52€ 3.51€ 3.99
IE + Steers€ 3.42€ 3.63€ 4.17
UK + Steers € 3.70€ 4.06€ 4.84

Live Exports W/C 13.09.2021

Source: Bord Bia

Sheep Update

IFA Sheep Chairman Sean Dennehy said supplies of lambs are extremely tight this week, swinging control back in farmers’ favour. He said factories are struggling to secure lambs.  Agents are very active in mart sales in attempts to secure supplies. Sean Dennehy said factories are freely paying €6.30/kg to 21.5kgs, with higher deals on price and weights offered to close out deals. “Farmers should sell hard in very strong market conditions to maintain control of the trade,” he said. He said farmers should only sell lambs to factories as they become fit.  The very strong store trade is ensuring alternatives for lighter and under finished lambs and it’s keeping the supply-demand balance in favour of farmers. Sean Dennehy said based on all projections, there won’t be an oversupply of lamb for the year and orderly marketing is critical to maximise returns.

Lamb Price Update 23/09/2021

Lamb €6.10/6.35kg. Higher deals groups and larger lots. Sell Hard. Ewes €3.00/3.30kg.

Supply Figures as Reported by DAFM – Week 37 (13.09.2021)

AnimalFigureChangeYTDYTD Change
Spring Lambs52,388▼-3,056 958,081▲3,908
Ewes and Rams9,498▲817242,559▼-13,813 
Light Lambs0▼-117 117▲64
TOTAL61,983▼-2,214 1,897,500▼-101,128 

Official Irish Prices as Reported by DAFM – Week 37 (13.09.2021)

c/kg (Incl. VAT)WK 37 Change prev wk2020Change prev yr
National Avg Price607.04▲0505.86▲101
YTD Avg666.70▲0523.49▲143

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
11/09/2021525.6526.9New season
18/09/2021508.4508.4New season
Change▼-17 ▼-19  
Price in c/kg (Incl VAT)624.3624.3 
Source: Bord Bia

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