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Beef & Sheep Update 4th June

Cattle and Sheep in Wicklow Field, Ireland

Beef Update

Speaking at a Charter of Rights meeting, IFA Livestock Chairman Brendan Golden said, “The letters that issued to 1,000 farmers in the BEAM scheme referencing ‘Associated Herds’ has completely changed the goal posts for these farmers.  This is unacceptable at this late stage in the scheme”. Brendan Golden said that DAFM going back and readjusting the scheme figures for these farmers is a fundamental retrospective change to the Terms and Conditions signed up to by participant farmers. IFA called for DAFM to allow farmers to ‘opt-in’ for these readjusted figures but they cannot enforce a compulsory change for all farmers affected.

Beef Price Update 03/06/21

Steer base €4.10/4.15kg. Heifers €4.15/4.20kg. Higher deals for larger lots. Y Bulls R/U €4.10/4.30kg. Cows €3.35/3.85kg.

Supply Figures as Reported by DAFM – Week 21 (30.05.2021)

AnimalNumberChange prev. wk.% of totalYTDYTD Change
Y Bulls3,555▲73811%60,533▼-13,019 
Bull717▼-7 2%10,445▼-2,538 
Steer10,865▼-102 35%234,929▼-7,688 
Cow7,808▼-172 25%136,180▲9,674
Heifer8,091▼-476 26%194,846▼-18,109 
Veal-V8▼-3 0%20,474▼-5,831 
Total31,076▼-20 100%658,250▼-37,417 

Official Irish Prices as Reported by DAFM – Week 21 (30.05.2021)

c/kg(Incl. VAT)U3Changeprev wkR3Changeprev wkO3Changeprev wkP+3Changeprev wk
Heifers453▲0439▼-1 425▲0382▼-1 
Y Bulls435▲2421▲3399▼-2 389▲0
Cows0▲0396▲23348▼-6 335▼-7 

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▼-5 ▼-4 ▼-4 ▼-5 ▼-3 ▼-5 ▼-0 
Price in c/kg489.7498.3489.7496.6484.7489.1364.8

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

Country & Type24.05.201923.05.202022.05.2021
EU + Y Bulls€ 3.62€ 3.46€ 3.82
IE + Steers€ 3.89€ 3.62€ 4.13

Live Exports W/C 17.05.2021

Source: Bord Bia

Sheep Update

IFA National Sheep Chairman Sean Dennehy said supplies are tight and demand is strong.

He said €7.60 to €7.80/kg is available, with deals for larger lots and producer groups pushing past these prices. Cull ewes are making €3.20 to €3.50/kg. 

Conditions are strong as the food service sector demand increases for the summer months. 

He said there will be a strong push in the trade to secure supplies to meet the demand on the lead in to Eid al-Adha which runs from 19th to 23rd of July. 

The IFA Sheep Chairman said it’s important farmers sell hard while moving lambs as they become fit to maximise returns from the market place.

Lamb Price Update 03/06/21

Spring Lamb €7.60/7.80/kg. Strong demand, numbers tight. Ewes €3.20/3.50kg.

Supply Figures as Reported by DAFM – Week 21 (30.05.2021)

AnimalFigureChangeYTDYTD Change
Lambs/Hoggets5,523▼-659 686,067▼-88,355 
Spring Lambs35,848▲6,215146,015▲23,496
Ewes and Rams5,553▼-1,528 113,587▼-11,988 
Light Lambs4▲2102▲74

Official Irish Prices as Reported by DAFM – Week 21 (30.05.2021)

c/kg (Incl. VAT)Week 21 Change prev wk2020Changeprev yr
National Avg Price758.86▼-8 578.58▲180
YTD Avg688.19▲4527.92▲160

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
01.05.2021668669.4New season
08.05.2021660.6663.7New season
Change▼-7 ▼-6  
Price in c/kg811.2815.0 
Source: Bord Bia

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