Beef Update
IFA will hold an online meeting for beef farmers next Tuesday, March 9th.
IFA President Tim Cullinan will chair the meeting, which comes at a very difficult time for beef finishers in particular.
The meeting will hear a presentation by the Senior Policy Executive for Livestock Tómas Bourke and from the National Livestock Chairman Brendan Golden.
Beef Price Update 04/03/21
Prices up 5/10c/kg. Steer base €3.75/3.80kg. Heifers €3.80/3.85kg.
Higher deals. Market strong. Y Bulls R/U €3.70/3.90kg.
Supply Figures as Reported by DAFM – Week 8 (22.02.2021)
| Animal | Number | Change prev. wk. | % of total | YTD | YTD Change |
| Y Bulls | 2,869 | ▼-755 | 9% | 27,563 | ▼-10,895 |
| Bull | 467 | ▲41 | 1% | 2,825 | ▼-1,290 |
| Steer | 10,966 | ▲156 | 33% | 87,031 | ▼-8,334 |
| Cow | 6,701 | ▲367 | 20% | 50,695 | ▼-994 |
| Heifer | 9,362 | ▲126 | 28% | 80,071 | ▼-10,048 |
| Veal-V | 3,248 | ▲516 | 10% | 7,649 | ▲1,367 |
| Veal-Z | 53 | ▼-21 | 0% | 350 | ▲26 |
| Total | 33,666 | ▲430 | 100% | 256,184 | ▼-30,168 |
Official Irish Prices as Reported by DAFM – Week 8 (22.02.2021)
| c/kg(Incl. VAT) | U3 | Change prev. wk. | R3 | Change prev. wk. | O3 | Change prev. wk. | P+3 | Change prev. wk. |
| Steers | 407 | ▲0 | 395 | ▼-1 | 379 | ▲1 | 348 | ▲0 |
| Heifers | 415 | ▼-2 | 400 | ▲0 | 386 | ▲2 | 342 | ▲4 |
| Y Bulls | 390 | ▲2 | 376 | ▲2 | 360 | ▲1 | 347 | ▲1 |
| Cows | 0 | ▲0 | 337 | ▲5 | 312 | ▲1 | 296 | ▲1 |
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 |
| 20.02.2021 | 381.1 | 382.7 | 381.7 | 383.8 | 370.8 | 366.7 | 271.3 |
| 27.02.2021 | 382 | 385.3 | 380.9 | 384.5 | 373.4 | 370.3 | 272.3 |
| Change | ▲1 | ▲3 | ▼-1 | ▲1 | ▲3 | ▲4 | ▲1 |
| Price in c/kg (Incl. VAT) | 469.1 | 473.1 | 467.7 | 472.1 | 458.5 | 454.7 | 334.4 |
Sheep Update
IFA National Chairman Sean Dennehy said QA hoggets are making €7.00 to 7.15kg with deals to €7.20/kg. Higher deals available for larger lots and groups. Prices are driven by very strong demand and tight supplies of finished hoggets. Factory agents are very active in marts and competing strongly with wholesalers for the limited supplies that are available. Cull ewes are making €2.80 to €3.20/kg
Sean Dennehy said orderly marketing is important to maximise returns. Farmers should sell hard while moving hoggets as they become fit.
Lamb Price Update 04/03/21
QA Hoggets €6.90/7.00kg. Up to €7.20kg.
Higher deals for groups and larger lots. Strong demand. Ewes €2.80/3.20kg.
Supply Figures as Reported by DAFM – Week 8 (22.02.2021)
| Animal | Figure | Change | YTD | YTD Change |
| Lambs/Hoggets | 37,218 | ▼-2,931 | 324,281 | ▼-20,289 |
| Spring Lambs | 0 | ▲0 | 0 | ▲0 |
| Ewes and Rams | 6,231 | ▲22 | 46,305 | ▼-8,701 |
| Light Lambs | 11 | ▲10 | 34 | ▲31 |
| TOTAL | 43,460 | ▼-2,899 | 370,620 | ▼-28,959 |
Official Irish Prices as Reported by DAFM – Week 8 (22.02.2021)
| c/kg (Incl. VAT) | Week 8 | Change prev. wk | 2020 | Change prev. yr |
| National Avg Price | 655.85 | ▲30 | 535.94 | ▲120 |
| YTD Avg | 605.03 | ▲7 | 498.74 | ▲106 |
Official GB Prices as Reported by AHDB
| R3L | Overall SQQ* | Type of lamb | |
| 20.02.2021 | 611.4 | 609.1 | Old season |
| 27.02.2021 | 616.7 | 613.9 | Old season |
| Change | ▲5 | ▲5 | |
| Price in c/kg (Incl VAT) | 757.3 | 753.8 |
