Beef Update
IFA Livestock chairman Brendan Golden said cattle prices are hardening driven by tight supplies and good market demand. He said bullocks are making €3.75 to €3.80/kg, heifers are making €3.80 to €3.85/kg. Factories are also offering increased breed bonuses over the past few days to secure cattle. Higher deals are available for larger and specialist lots. Strengthening sterling and strong performance of beef in supermarket sales is driving the trade. Factory agents are very active in marts and on the ground trying to secure supplies of finished cattle. Young Bulls are ranging from €3.60 to €3.85/kg for O/R/U grades. Cows are ranging from €3.00 and €3.50/kg
Beef Price Update 25/02/2021
Steer base €3.75kg. Heifers €3.80kg. Numbers tight. Higher deals. Y Bulls R/U €3.60/3.85kg. Cows €2.90/3.50kg.
Supply Figures as Reported by DAFM – Week 7 (15.02.2021)
| Animal | Number | Change prev. wk. | % of total | YTD | YTD Change |
| Y Bulls | 3624 | ▲325 | 11% | 24694 | ▼-9,512 |
| Bull | 426 | ▲73 | 1% | 2358 | ▼-1,067 |
| Steer | 10810 | ▲104 | 33% | 76065 | ▼-5,915 |
| Cow | 6334 | ▲262 | 19% | 43994 | ▼-676 |
| Heifer | 9236 | ▼-114 | 28% | 70709 | ▼-7,952 |
| Veal-V | 2732 | ▲1,343 | 8% | 4401 | ▲1,237 |
| Veal-Z | 74 | ▲18 | 0% | 297 | ▲32 |
| Total | 33236 | ▲2,011 | 100% | 222518 | ▼-23,853 |
Official Irish Prices as Reported by DAFM – Week 7 (15.02.2021)
| c/kg (Incl. VAT) | U3 | Change prev. wk. | R3 | Change prev. wk. | O3 | Change prev. wk. | P+3 | Change prev. wk. |
| Steers | 407 | ▼-2 | 396 | ▼-4 | 378 | ▼-5 | 348 | ▼-4 |
| Heifers | 417 | ▼-2 | 400 | ▼-4 | 384 | ▼-6 | 338 | ▼-6 |
| Y Bulls | 388 | ▼-3 | 374 | ▼-4 | 359 | ▼-4 | 346 | ▼-7 |
| Cows | 0 | ▲0 | 332 | ▼-3 | 311 | ▼-2 | 295 | ▼-3 |
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 |
| 13.02.2021 | 380.6 | 383.5 | 381.4 | 383 | 372.2 | 367.4 | 269 |
| 20.02.2021 | 381.1 | 382.7 | 381.7 | 383.8 | 370.8 | 366.7 | 271.3 |
| Change | ▲1 | ▼-1 | ▲0 | ▲1 | ▼-1 | ▼-1 | ▲2 |
| Price in c/kg(incl VAT) | 462.6 | 464.5 | 463.3 | 465.9 | 450.1 | 445.1 | 329.3 |
Cattle Live Exports 08/02/202
Sheep Update
IFA Sheep committee chairman Sean Dennehy said QA Hogget’s are making €6.85-7.00/kg with higher deals for groups and larger lots. Cull ewes are ranging from €2.80-3.20/kg in general.
He said factory demand is strong with numbers tight. Competition between factory agents and wholesalers in marts is ensuring mart prices are easily keeping pace and in cases surpassing what factories are offering some farmers.
Farmers are encouraged to sell hard while moving hogget’s as they become fit.
Lamb Price Update 25/02/2021
QA Hoggets €6.75/6.85kg. Higher deals for groups and larger lots. Demand strong. Ewes €2.80/3.10kg.
Supply Figures as Reported by DAFM – Week 7 (15.02.2021)
| Animal | Figure | Change | YTD | YTD Change |
| Lambs/Hoggets | 40149 | ▲2,041 | 287063 | ▼-18,252 |
| Spring Lambs | 0 | ▲0 | 0 | ▲0 |
| Ewes and Rams | 6209 | ▲2,629 | 40074 | ▼-9,026 |
| Light Lambs | 1 | ▼-8 | 23 | ▲20 |
| TOTAL | 46359 | ▲4,662 | 327160 | ▼-27,258 |
Official Irish Prices as Reported by DAFM – Week 7 (15.02.2021)
| c/kg (Incl. VAT) | Week 7 | Change prev. wk | 2020 | Change prev. yr |
| National Avg Price | 626.08 | ▲12 | 518.58 | ▲108 |
| YTD Avg | 597.76 | ▲5 | 493.42 | ▲104 |
Official GB Prices as Reported by AHDB
| R3L | Overall SQQ* | Type of lamb | |
| 13.02.2021 | 594.3 | 593.3 | Old season |
| 20.02.2021 | 611.4 | 609.1 | Old season |
| Change | ▲17 | ▲16 | |
| Price in c/kg(incl VAT) | 742.1 | 739.3 |
Live Sheep Exports 2020
