Beef & Sheep UpdateCattleCattle PricesSheepSheep Prices

Beef & Sheep Update 4th August

Cattle and Sheep in Wicklow field

Beef Update

IFA Livestock Chairman Brendan Golden said the National Beef Welfare Scheme announced by the Minister for Agriculture Charlie McConalogue is a support for service providers, not farmers. “This is such a poorly designed scheme. The payment per farmer is far too low and on too few cows.  Most of it will leak to vets, laboratories and others. The inclusion of IBR testing is a huge error of judgment by the Minister,” he said. The scheme is an insult to suckler farmers and fails miserably to deliver on his commitment to provide suckler farmers with a replacement scheme for BEEP-S with similar ambition and practical measures. A suckler farmer in BEEP-S with 25 cows received €84/cow.  This scheme will only return €47/cow to that farmer while also requiring additional actions that are cost prohibitive and add nothing to the income of the farm. “The inclusion of the IBR testing component and the associated costs farmers will incur is a serious error of judgment by the Minister, making suckler farmers merely conduits for transferring money to vets and testing laboratories. We estimate that, for a farmer with 20 animals, 80% of the IBR payment will be directly leaked to vets and laboratories. Factor in the extra time and effort the farmer has to put in and you’re at 100% leakage. Farmers cannot be expected to work for nothing,” he said.

Beef Price Update 03/08/2023

Base Quotes Steer €4.65/4.75kg. Heifers €4.70/4.80kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €4.80/5.00Kg. Cows €3.80/4.40kg.

Supply Figures as Reported by DAFM – WK 30 (30.07.2023)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls1804▲1745%78466▼-9,658 
Heifer8259▼-206 25%279666▼-8,983 

Official Irish Prices as Reported by DAFM – WK 30 (30.07.2023)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Change prev wkP+3Change prev wk
Steers512▼-10 503▼-4 488▼-4 455▼-3 
Heifers522▼-4 506▼-4 496▼-5 453▲0
Y Bulls506▼-10 491▼-6 471▼-2 453▼-13 
Cows0▲0448▼-8 413▼-1 401▲1

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▼-4 ▼-6 ▼-5 ▼-2 ▼-1 ▼-4 ▼-13 
Price in c/kg (Incl VAT)584.3587.9583.2589.6571.9569.5448.1

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

Country & Type202123.07.202222.07.2023
EU + Y BullsFigures€ 4.91€ 4.76
IE + SteersNot € 4.86€ 4.83
UK + Steers Available€ 5.14€ 5.46

Live Exports W/C 17.07.2023

Sheep Update

IFA Sheep Chairman Kevin Comiskey has criticized factories for further unjustified cuts on lamb prices this week. He said price cuts to this level are unsustainable and farmers cannot be expected to take reductions at this level in a year when gross margins on sheep farms are set to fall a further 1% up from the 14% reduction in 2022. 

He said factories are offering deals up to €6.60kg on weights to 22kg to secure lambs but are meeting strong resistance from farmers. Cull ewes are making from €2.70kg to €3.00kg. 

The IFA Chairman said supplies of suitably finished lamb are tight on the ground and there was no rational for further cuts to lamb prices this week. 

Kevin Comiskey said farmers should sell hard, consider the mart outlet and be mindful of the lower kill out weights when drafting lambs.

Lamb Price Update 03/08/2023

Spring Lamb €6.40/6.60/kg. Higher deals groups/larger lots. Ewes €2.70/3.00/kg.

Supply Figures as Reported by DAFM – WK 30 (30.07.2023)

AnimalFigureChangeYTDYTD Change
Lambs/Hoggets579▼-794 977254▲83,685
Spring Lambs47808▲3,781473821▼-56,884 
Ewes and Rams6029▲468162480▼-14,075 
Light Lambs1▲0127▲22

Official Irish Prices as Reported by DAFM -WK 30 (30.07.2023)

c/kg (Incl. VAT)WK Change prev. wk2022Change prev. yr
National Avg Price686.68▲0683.56▲3
YTD Avg683.14▲0719.16▼-36 

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
22/07/2023592.4592.2New season lamb
29/07/2023582.0581.5New season lamb
Change▼-10 ▼-11  
Price in c/kg (Incl VAT)723.0722.4 

Live Sheep Exports Jan-June

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