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Beef & Sheep Update 28th June

Sheep and Cattle in Wicklow

Beef Update

IFA Livestock Chairman Declan Hanrahan said beef prices remain steady this week. He said steers are making from €5.20kg to €5.30kg while heifers are ranging from €5.25kg to €5.30kg. Young bulls R and U grades are making from €5.30kg to €5.50. Cow prices are ranging from €5.30kg to €5.10kg. Declan Hanrahan said there are indications of tighter grass cattle supplies in the coming weeks due to poor weather conditions. UK prices remain strong, beef supplies across the EU are tight and demand for beef is expected to increase as the summer progresses. The positive supply demand balance in the coming weeks must return higher prices to beef farmers he said.

Beef Price Update 28/06/2024

Base Quotes Steer €5.20/5.30kg. Heifers €5.25/5.35kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €5.30/5.50Kg. Cows €4.30/5.10kg.

Supply Figures as Reported by DAFM – WK 25 (23.06.2024)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls2,843▼-377 9%62,363▼-5,030 
Bull671▼-101 2%13,453▲48
Veal-V50▼-127 0%19,130▼-11,284 

Official Irish Prices as Reported by DAFM – WK 25 (23.06.2024)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Change prev wkP+3Change prev wk
Steers556▲0546▼-1 536▲2504▲1
Y Bulls551▲3538▲1519▼-1 503▲0

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▼-0 ▲1▲1▲1▲0▼-0 ▲1
Price in c/kg (Incl VAT)594.2596.4592.6596.9582.0578.0474.6

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

Country & Type28.05.202227.05.202301.06.2024
EU + Y Bulls€ 4.98€ 4.96€ 5.07
IE + Steers€ 5.26€ 5.22€ 5.13
UK + Steers € 5.19€ 5.70€ 5.66

Live Cattle Exports W/C 10.06.2024

Source: Bord Bia

Sheep Update

IFA Sheep Chairman Adrian Gallagher said further cuts to lamb price is unacceptable and must stop immediately. He said this practice of quoting prices that in way no reflect the market is angering farmers and is undermining producer groups who have made commitments to factories for the coming months. The IFA Sheep Chairman said lamb numbers are tight on the ground an there was no rational to weaken lamb prices. He said the tightening of number is reflected in the latest kill with throughput falling almost 16,000 head from the previous week. Adrian Gallagher has called on factories to be responsible in their pricing of lambs and hoggets, and to stand firm in the market place to maintain prices to sheep farmers. Spring lambs are making from €8.00kg to €8.30kg while hoggets are ranging from €7.00kg to €7.30kg. Cull ewes are making from €3.90kg to €4.30kg in general.

Lamb Price Update 28/06/2024

Spring Lamb €8.00/8.30/kg. Weights to 21.5kg. Hogget €7.00/7.30kg. Weights to 24kg. Higher deals groups/larger lots. Ewes €3.90/4.30/kg.

Supply Figures as Reported by DAFM – WK 25 (23.06.2024)

AnimalFigureChangeYTDYTD Change
Lambs/Hoggets5,201▼-12,696 886,570▼-78,565 
Spring Lambs37,163▼-3,832 192,877▼-50,900 
Ewes and Rams4,679▲249115,097▼-17,899 
Light Lambs5▲290▼-30 
TOTAL47,048▼-16,277 1,194,634▼-147,394 

Official Irish Prices as Reported by DAFM – WK 25 (23.06.2024)

c/kg (Incl. VAT)This week Change prev. wk2023Change prev. yr
National Avg Price861.14▼-39 675.73▲62
YTD Avg733.19▲1624.81▲132

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
15/06/2024810.4810.7Old season lamb
22/06/2024782.0780.0Old season lamb
Change▼-28 ▼-31  
Price in c/kg (Incl VAT)960.2957.81

Live Sheep Exports March 31st 2024

Source: Bord Bia

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