Beef & Sheep UpdateCattleCattle Prices

Beef & Sheep Update 26th August

Cattle and Sheep in Wicklow Field, Ireland

Beef Update

IFA Livestock chairman Brendan Golden said factories must start reflecting the production costs on farms in beef prices offered. He said decisions are being made on farms that will impact on cattle supplies for the coming months and it is critical our hard won consistent weekly supply patterns are protected. He said there are over 92,000 more cattle processed to-date this year against a Bord Bia projection of 110,00 to 120,000 more cattle in total for the year. He said live exports to Northern Ireland are expected to increase for the later part of the year for slaughter fit and forward store cattle, UK and EU prices are strong, the latest Prime export Benchmark price is 12c/kg above our price. He said the beef supply situation is well balanced with no over hang of beef in the market place. He said farmers cannot be expected to take on the risks and costs associated with winter finishing without strong price commitments from factories. 

Beef Price Update 25/08/2022

Steer Base €4.80/4.90kg. Heifers €4.85/4.95kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €4.70/5.00Kg. Cows €4.30/4.90kg.

Supply Figures as Reported by DAFM – WK 33 (21.08.2022)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls1532▼-273 4%93100▲5,143
Steer16488▼-103 47%421010▲24,452
Veal-V8▼-29 0%27976▲7,323
Veal-Z12▼-9 0%1153▲39

Official Irish Prices as Reported by DAFM – WK 33 (21.08.2022)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Change prev wkP+3Change prev wk
Steers516▼-1 506▼-2 490▼-1 458▲0
Heifers524▼-1 510▼-1 499▼-3 454▼-4 
Y Bulls504▼-2 492▼-2 468▼-2 460▲3
Cows0▲0482▼-1 457▲0443▼-1 

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▼-0 ▲1▼-0 ▲1▲1▲0▼-6 
Price in c/kg (Incl VAT)548.3553.6547.0553.0538.6536.0455.6

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

Country & Type15/08/202014/08/202113/08/2022
EU + Y Bulls€ 3.54€ 3.90€ 4.97
IE + Steers€ 3.71€ 4.23€ 4.80
UK + Steers € 4.18€ 4.84€ 5.18

Live Exports W/C 08.08.2022

Source: Bord Bia

Sheep Update

IFA Sheep committee chairman Kevin Comiskey has called out the lack of meaningful and direct support for sheep farmers from the Minister for Agriculture Charlie McConalogue and the sheep processing factories. Kevin Comiskey said IFA have highlighted directly to the Minister and the factories earlier this year the importance of direct supports for sheep farmers and strong lamb prices to maintain our production systems and ensure the orderly marketing of lambs throughout the year given the production costs farmers are exposed to. He said the Minister has not yet come forward with a targeted payment for sheep farmers to support the orderly feeding and finishing of lambs which is certainly contributing to the increase in numbers of under finished lambs presented to factories.

Lamb Price Update 25/08/2022

Lamb €6.20/6.50/kg. Higher deals groups/larger lots. Ewes €3.40/3.80/kg.

Supply Figures as Reported by DAFM – WK 33 (21.08.2022)

AnimalFigureChangeYTDYTD Change
Lambs/Hoggets190▼-11 894316▲198,084
Spring Lambs49994▲2,888670234▼-74,611 
Ewes and Rams9645▲476203097▼-2,397 
Light Lambs0▼-1 107▼-5 

Official Irish Prices as Reported by DAFM – WK 33 (21.08.2022)

c/kg (Incl. VAT) WK 33Change prev wk2021Change prev yr
National Avg Price640.86▲3600.53▲40
YTD Avg709.95▲36671.76▲38

Official GB Prices as Reported by AHDB

R3L Overall SQQ*Type of lamb
13/08/2022545.3545.4New season
20/08/2022543.8542.8New season
Change▼-2 ▼-3  
Price in c/kg (Incl VAT)675.6674.3 

Live Sheep Exports 2022 18/07/2022

Source: Bord Bia

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