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Beef & Sheep Update 3rd February

Cattle and Sheep in Wickow Field

Beef Update

IFA Livestock Chairman Brendan Golden met with senior Department of Agriculture officials last week in advance of the Terms and Conditions for the Suckler Carbon Efficiency scheme being finalised. He highlighted a number of issues that must be taken into account before the scheme opens in mid-March. “IFA has objected from the outset to the compulsory requirement for farms to be in the Bord Bia QA for the scheme. He said Quality Assurance is a market requirement and must be rewarded from the market place. It’s neither appropriate nor acceptable that suckler farmers will be forced to become Bord Bia Quality Assured in order to be eligible. He said the objective in developing the Terms and Conditions for this scheme must be to facilitate the maximum number of farmer participants by ensuring the criteria is practical, deliverable on farm and does not involve unnecessary bureaucracy.

Beef Price Update 02/02/2023

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 €5.10/5.50Kg. Cows €4.50/5.20kg.

Supply Figures as Reported by DAFM – WK 04 (29.01.2023)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls3671▲32311%14414▼-1,052 
Heifer10304▼-33 30%41005▼-197 

Official Irish Prices as Reported by DAFM – WK 04 (29.01.2023)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Change prev wkP+3Change prev wk
Y Bulls542▲4532▲3518▲5511▲8

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▲5▲3▲3▲3▲4▼-2 ▲3
Price in c/kg (Incl VAT)560.0561.0558.2560.3543.7536.4458.0

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

Country & Type23.01.202122.01.202228.01.2023
EU + Y Bulls€ 3.66€ 4.54€ 5.14
IE + Steers€ 3.83€ 4.32€ 5.21
UK + Steers € 4.32€ 4.91€ 5.27
Source: Bord Bia

Sheep Update

IFA Sheep Chairman Kevin Comiskey said the Department of Agriculture must take further action with the new Sheep Improvement Scheme terms and conditions. Following a meeting with senior Department officials, he said further amendments are needed if farmers are to avoid penalties. Teagasc has clearly outlined the importance of the targeted ewe payment in maintaining margins on sheep farms. The €12/ewe payment must be built on to provide €30/ewe and the existing scheme must be developed in a way that ensures all farmers applying receive the €12/ewe payment. All new entrants and existing farmers who do not apply in the first year must also be accepted into the scheme if it is decided to partake in subsequent years. The IFA Sheep Chairman said the DAFM must recognise the complexities farmers will face through these actions and they must be addressed immediately.

Lamb Price Update 02/02/2023

Lamb €6.20/6.50/kg. Higher deals groups/larger lots. Ewes €3.20/3.50/kg.

Supply Figures as Reported by DAFM – WK 04 (29.01.2023)

AnimalFigureChangeYTDYTD Change
Spring Lambs0▲00▲0
Ewes and Rams5946▼-1,179 26348▲2,247
Light Lambs3▲013▼-6 

Official Irish Prices as Reported by DAFM – WK 04 (29.01.2023)

c/kg (Incl. VAT)WK 04Change prev wk2022Change prev yr
National Avg Price613.42▲13652.97▼-40 
YTD Avg622.83▼-3 680.03▼-57 

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
21/01/2023508.8502.5Old season lamb
28/01/2023514.7510.2Old season lamb
Price in c/kg(Incl VAT)617.6605.4 
Source: Bord Bia

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