Cattle Price Comment
IFA Livestock chairman Brendan Golden said beef prices have risen 5-10c/kg this week driven by very tight supplies of in-spec cattle and strong market conditions. The Beef Market tracker ‘Prime Export Benchmark Price’ has increased by 5c/kg bringing the differential now to 10c/kg above the equivalent Irish price. Brendan Golden called on factories to step up to the plate and return the full value of the current market conditions to farmers.
Lamb Price Comment
IFA Sheep committee chairman Sean Dennehy said demand is very strong from factories for the tight supplies of lambs that are available. Deals on weights and transport are offered. Sean Dennehy said competition at mart sales between factory agents, butchers and wholesalers is intense with prices comparable to and in cases above what factories will pay. Cull ewes are making €2.80 to €3/kg.
Beef Market Update
Latest Beef Price Update 26th November 2020:
Steers €3.65-3.70/kg. Heifers €3.70-3.80/kg. Y Bulls €3.45-3.70/kg. Cows €2.80-3.30/kg. In spec cattle scarce. Strong demand.
Week 47 Supply Figures 16th November – 22nd November 2020
| Animal | Numbers | % of Total Supply | % Change from Previous Week |
|---|---|---|---|
| Steers | 14,301 | 39% | -7.4% |
| Heifers | 10,751 | 29% | -12.1% |
| Young Bulls | 2,763 | 8% | +13.7% |
| Cows | 8,346 | 23% | -1.5% |
| Total | 36,837 | -6.2% |
Source: DAFM Weekly Beef Slaughter Figures
Year to Date Supply Figures
| Numbers | Change from 2019 | |
|---|---|---|
| Total | 1,616,995 | +2.7% |
Source: DAFM Weekly Beef Slaughter Figures
Official Irish Prices
| Animal | Euro/Kg | Change from previous. week |
| R3 Steers | €3.80 | +0.3% |
| R3 Heifers | €3.87 | +0.3% |
| R3 Y Bulls | €3.65 | +0.8% |
| R3 Cows | €3.06 | +0.3% |
Source: DAFM Average Prices
Official GB Prices
| Animal | GBP/Kg | Change from prev. week | €/Kg vat incl. eq. |
| R3 Steers | £3.82 | +0.3% | €4.52 |
| R3 Heifers | £3.82 | +0.8% | €4.52 |
| R3 Y Bulls | £3.75 | +1.4% | €4.44 |
| R3 Cows | £2.67 | -1.1% | €3.16 |
Source: AHDB Deadweight Cattle Price Report
LIVE EXPORTS
Lamb Market Update
Latest Lamb Price Update 26th November 2020
QA lambs €5.65/€5.70/kg. Weights 22.5/23kgs. Ewes €2.80-€3.00/kg. Numbers tight. Strong demand. Good mart trade.
Week 47 Supply Figures 16th November – 22nd November 2020
| Animal | Numbers | % Change from Previous Week | % Change from Same Week 2019 |
|---|---|---|---|
| Sheep | 50,716 | +1.9% | -18% |
Source: DAFM Meat Market Report, AHDB GB Deadweight Sheep Prices
Year to Date Supply Figures
| Numbers | Change from 2019 | |
|---|---|---|
| Total | 2,535,794 | +4% |
Source: DAFM Meat Market Report, AHDB GB Deadweight Sheep Prices
Official Irish Prices
| Animal | Euro/Kg | Change from previous. week |
| Lamb | €5.22 | +20% |
Source: DAFM Meat Market Report
Official GB Prices
| Animal | GBP/Kg | €/Kg vat incl. eq. |
| Lamb | £4.63 | €5.47 |
Source: DAFM Meat Market Report
Live Trade: Total live exports stood at 24,807 head to the 01 October 2020
Select and Sell: As always, the advice is to move lambs as they become fit.
