Beef Update
IFA Livestock Chairman Brendan Golden said tight supplies and strong market demand leaves factories under further pressure to secure suitable supplies of finished cattle. He said market conditions are strong as demand from the food service sector increases for the summer. He said steers are making €4.20/4.30kg with heifers making €4.25/4.40kg with higher deals for larger and specialist lots. The cow trade has moved upwards with deals of up to €4.00kg been secured. Cows ae generally ranging from €3.60/4.00kg. Young Bulls R/U €4.30/4.40kg. Bord Bia predict supplies of finished cattle to reduce up to 120,000 head this year leaving favorable conditions for finishers. Brendan Golden said farmers should sell hard as factories struggle to match supplies with market demand.
Beef Price Update 01/07/2021
Steer base €4.25/4.35kg. Heifer €4.25/4.40kg. Higher deals larger lots. Y Bulls R/U €4.30/4.40kg. Cows €3.60/4.00kg.
Supply Figures as Reported by DAFM – Week 25 (27.06.2021)
| Animal | Number | Change prev.wk. | % of total | YTD | YTD Change |
| Y Bulls | 2,470 | ▼-706 | 8% | 72,976 | ▼-12,704 |
| Bull | 455 | ▼-85 | 2% | 12,637 | ▼-2,833 |
| Steer | 11,084 | ▲503 | 37% | 278,282 | ▼-12,408 |
| Cow | 7,473 | ▲477 | 25% | 164,609 | ▲4,456 |
| Heifer | 8777 | ▲667 | 29% | 228,051 | ▼-24,464 |
| Veal-V | 1 | ▼-36 | 0% | 20,546 | ▼-5,799 |
| Veal-Z | 23 | ▼-8 | 0% | 965 | ▲126 |
Official Irish Prices as Reported by DAFM – Week 25 (27.06.2021)
| c/kg (Incl. VAT) | U3 | Change prev. wk. | R3 | Change prev. wk. | O3 | Change prev. wk. | P+3 | Change prev. wk. |
| Steers | 454 | ▲1 | 445 | ▲4 | 429 | ▲3 | 402 | ▲2 |
| Heifers | 460 | ▲3 | 447 | ▲4 | 438 | ▲5 | 393 | ▲6 |
| Y Bulls | 444 | ▲4 | 432 | ▲4 | 411 | ▲8 | 400 | ▲8 |
| Cows | 0 | ▲0 | 384 | ▲7 | 362 | ▲9 | 352 | ▲8 |
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 |
| 19.06.2021 | 398.8 | 403.9 | 398 | 403.4 | 396.4 | 398.1 | 304.5 |
| 26.06.2021 | 401 | 405.7 | 401.6 | 405.1 | 396.8 | 398.7 | 307.6 |
| Change | ▲2 | ▲2 | ▲4 | ▲2 | ▲0 | ▲1 | ▲3 |
| Price in c/kg (Incl VAT) | 492.4 | 498.2 | 493.1 | 497.4 | 487.2 | 489.6 | 377.7 |
Euro Price for the Most Recent Week (€/KG Deadweight excl. VAT)
| Country & Type | 15.06.2019 | 13.06.2020 | 12.06.2021 |
| EU + Y Bulls | € 3.55 | € 3.50 | € 3.87 |
| IE + Steers | € 3.81 | € 3.61 | € 4.15 |
| UK + Steers | € 3.86 | € 4.05 | € 4.58 |
Live Exports W/C 27.06.2021
Sheep Update
IFA Sheep Chairman Sean Dennehy said demand for lamb is expected to improve over the coming weeks. Strong demand for live shipping and buying for the Eid Festival in mid-July is starting in earnest. Following this, breeding sales and store buying will increase competition for lambs. He said factories must stand firm in the market place. Irish lamb as it stands is competitively priced to compete in the market and there is no need or justification for further cuts. The IFA Sheep Committee will be meeting with factories in the coming days to set out farmers’ frustration at the recent attempts to severely undermine the trade and the need to maximise returns to sheep farmers from a favourable market environment. He said factories must take a stand. “Farmers cannot continue to be expected to absorb higher production costs on the one hand while allowing the large supermarkets determine the price we receive,” he said.
Lamb Price Update 01/07/21
Spring Lamb €6.10/6.40/kg. Factories buying for EID. Demand Strong. Sell Hard. Ewes €3.30/3.60kg.
Supply Figures as Reported by DAFM – Week 25 (27.06.2021)
| Animal | Figure | Change | YTD | YTD Change |
| Lambs/Hoggets | 539 | ▼-921 | 692,660 | ▼-91,631 |
| Spring Lambs | 47,814 | ▲1,878 | 325,880 | ▲9,702 |
| Ewes and Rams | 6340 | ▲873 | 139737 | ▼-15,640 |
| Light Lambs | 0 | ▼-1 | 105 | ▲65 |
| TOTAL | 54,693 | ▲1,829 | 1,158,382 | ▼-97,504 |
Official Irish Prices as Reported by DAFM – Week 25 (27.06.2021)
| c/kg (Incl. VAT) | This week | Change prev. wk | 2020 | Change prev. yr |
| National Avg Price | 664.85 | ▼-39 | 516.39 | ▲148 |
| YTD Avg | 691.12 | ▼-1 | 529.82 | ▲161 |
Official GB Prices as Reported by AHDB
| R3L | Overall SQQ* | Type of lamb | |
| 19/06/2021 | 633.8 | 634.5 | New season |
| 26/06/2021 | 586.8 | 587.2 | New season |
| Change | ▼-47 | ▼-47 | |
| Price in c/kg (Incl VAT) | 720.5 | 721.0 |
