Beef & Sheep UpdateCattleCattle PricesSheepSheep Prices

Beef & Sheep Update 27th May

Cattle and Sheep in Wicklow field

Beef Update

IFA livestock chairman Brendan Golden said cattle supplies are extremely tight as shed cattle have gone through the system and no flush of grass cattle expected in the coming weeks. Last week’s throughput of 33,203 was the largest full weeks drop in numbers this year with heifers back 1,418 head, steers back 582 head and cows back 568 head. He said prices have moved another 10c/kg this week with all factories paying significantly above quoted prices and offering very favourable flat deals to secure cattle. The latest DAFM reported R4 steer price of €5.48/kg shows the variation in prices paid by factories for cattle and the importance of farmers shopping around and selling hard in a rising market.

Beef Price Update 26/05/2022

Steer Base €5.15/5.35kg. Heifers €5.20/5.40kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €5.20/5.50Kg. Cows €4.50/5.10kg

Supply Figures as Reported by DAFM – Week 20 (22.05.2022)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls3,176▲4210%59,133▲2,155
Bull707▼-59 2%10,694▲966
Steer13,192▼-582 40%252,534▲28,470
Cow7,435▼-568 22%153,367▲24,995
Heifer8,630▼-1,418 26%203,330▲16,575
Veal-V4▼-1 0%27,830▲7,364
Veal-Z59▼-8 0%883▲72
Total33,203▼-2,594 100%707,771▲80,597

Official Irish Prices as Reported by DAFM –  Week 20 (22.05.2022)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Change prev wkP+3Change prev wk
Y Bulls537▲7529▲11510▲13498▲15

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▲0▼-1 ▼-0 ▲0▲2▲2▲0
Price in c/kg (Incl VAT)553.6555.3554.3557.2548.4546.0469.0

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

Country & Type16.05.202015.05.202114.05.2022
EU + Y Bulls€ 3.42€ 3.82€ 5.13
IE + Steers€ 3.55€ 4.14€ 5.03
UK + Steers € 3.80€ 4.69€ 5.17

Live Exports W/C 09.05.2021

Source: Bord Bia

Sheep Update

IFA Sheep committee chairman Kevin Comiskey said factory demand for spring lamb is increasing as hogget supplies drop off. He said hogget numbers dropped almost 4,000 head last week and continues to drop, mixed quality is impacting on price but factories are freely paying €7.50/kg for suitable lots. He said spring lamb numbers increased by over 6,000 head in the latest reported figures but remain almost 4,000 below the corresponding week in 2021 and almost 23,000 behind 2021 for the year to-date. He said factories are slow to move on prices for spring lamb with most making €8.30/kg to €8.40/kg. He said the strength of demand from factories is evident in the prices available in marts as factory agents compete with butchers and wholesalers providing a real viable alternative for farmers.

Lamb Price Update 26/05/2022

Hogget €7.30/7.50/kg. Spr lamb €8.20/8.40/kg. Weights 20.5/21kg. Higher deals groups/larger lots. Ewes €3.80/4.20/kg

Supply Figures as Reported by DAFM – Week 20 (22.05.2022)

AnimalFigureChangeYTD YTD Change
Lambs/Hoggets16,563▼-6,772 852,103▲171,559
Spring Lambs25,924▲6,83087,121▼-23,046 
Ewes and Rams6,309▼-301 104,907▼-6,127 
Light Lambs5▲153▼-45 
TOTAL48,801▼-242 1,044,184▲142,341

Official Irish Prices as Reported by DAFM –   Week 20 (22.05.2022)

c/kg (Incl. VAT)WK 20 Change prev wk2021Change prev yr
National Avg Price765.48▲21766.81▼-1 
YTD Avg704.01▲3684.66▲19

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
14/05/2022612.7605.1Old season
21/05/2022669.7672.0New season
Price in c/kg (Incl VAT)832.0834.9 
Source: Bord Bia

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