Beef & Sheep UpdateCattleCattle PricesSheepSheep Prices

Beef & Sheep Update 26th January

Cattle and Sheep in Wicklow field

Beef Update

IFA Livestock Chairman Declan Hanrahan said beef prices have moved on a further 5c/kg this week as demand continues to outstrip supply. Steer prices are now making from €5.10kg to €5.20kg while heifers range from €5.15kg to €5.25kg. Young bulls R/U are making from €5.10kg to €5.50kg. He said the cow trade remains strong with prices ranging from €4.20kg for P grades up to €4.80kg for well fleshed U grade cows. He said factories are having to pay 10c/kg above quotes to secure cattle this week and farmers should dig in hard and demand stronger returns from the market place.

Beef Price Update 25/01/2024

Base Quotes Steer €5.10/5.20kg. Heifers €5.15/5.25kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €5.10/5.50Kg. Cows €4.20/4.80kg.

Supply Figures as Reported by DAFM – WK 03 (21.01.2024)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls2,722▼-744 8%8,852▼-1,895 
Heifer10,764▼-47 31%31,338▲637
Veal-V1▼-34 0%37▲5
Total35,214▼-19 100%100,349▲3,665

Official Irish Prices as Reported by DAFM – WK 03 (21.01.2024)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Change prev wkP+3Change prev wk
Y Bulls535▲4524▲3508▲2507▲6
Cows0▲0472▼-1 433▲5414▲5

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▲1▲1▲1▲1▼-1 ▼-2 ▲8
Price in c/kg (Incl VAT)613.6616.4611.9614.9595.2589.5439.8

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

Country & Type202207.01.202313.01.2024
EU + Y BullsNot Available€ 5.21€ 4.99
IE + SteersNot Available€ 5.04€ 5.10
UK + Steers Not Available€ 5.14€ 5.70

Live Exports W/C 15.01.2024

Source: Bord Bia

Sheep Update

IFA Sheep Chairman Adrian Gallagher said lamb quotes continue to notch upwards increasing 10c/kg this week. He said lambs are now making from €6.90kg to €7.10kg with higher deals for groups and larger lots. Cull ewes are making from €2.80kg to €3.30kg in general. He said the mart trade is very strong for all categories of sheep and said farmers should be mindful of this viable alternative when marketing their stock. He said lamb numbers are very tight on the ground and this was evident in the latest supply figures reported by the DAFM. Total throughput for the most recent week fell over 5,200/head of which 4,000 were lambs. Total throughput year to date is back 3,448/head on the corresponding date in 2022. Adrian Gallagher said farmers should weigh up their options when marketing stock and sell hard in a rising market.

Lamb Price Update 25/01/2024

Lamb €6.90/7.10/kg. Weights to 23kg. Higher deals groups/larger lots. Ewes €2.80/3.20/kg.

Supply Figures as Reported by DAFM – WK 03 (21.01.2024)

AnimalFigureChangeYTDYTD Change
Lambs/Hoggets46,858▼-3,938 131,426▼-7,330 
Spring Lambs0▲08,571▲8,571
Ewes and Rams5,198▼-1,317 15,718▼-4,684 
Light Lambs0▼-2 5▼-5 
TOTAL52,056▼-5,257 155,720▼-3,448 

Official Irish Prices as Reported by DAFM – WK 03 (21.01.2024)

c/kg (Incl. VAT)This week Change prev. wk2023Change prev. yr
National Avg Price667.42▲5600.15▲67
YTD Avg662.78▲2625.97▲37

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
13/01/2024608.7605.5Old season lamb
20/01/2024610.6608.2Old season lamb
Price in c/kg (Incl VAT)749.8746.8 

Live Sheep Exports 2023

Source: Bord Bia

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