Beef Update
IFA Livestock Chairman Brendan Golden said the strong performance of beef prices in our key export markets highlights the demand for beef.
Brendan Golden said “beef prices are currently lagging 17c below the prime export benchmark price”.
The IFA Livestock Chairman said “in current market conditions this price differential is unjustified and factories must move prices on to close the gap.”
Beef Price Update 05/05/2022
Steer Base €4.90/5.05kg. Heifers €4.95/5.10kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €4.90/5.10Kg. Cows €4.30/5.00kg
Supply Figures as Reported by DAFM – Week 17 (01.05.2022)
| Animal | Number | Change prev. wk. | % of total | YTD | YTD Change |
| Y Bulls | 2,622 | ▲653 | 7% | 47,652 | ▲1,187 |
| Bull | 818 | ▲210 | 2% | 8,468 | ▲1,250 |
| Steer | 13,829 | ▲1,201 | 37% | 198,838 | ▲17,143 |
| Cow | 8,558 | ▲316 | 23% | 122,232 | ▲22,498 |
| Heifer | 10,668 | ▲1,191 | 29% | 164,712 | ▲11,613 |
| Veal-V | 891 | ▲446 | 2% | 26,967 | ▲6,874 |
| Veal-Z | 39 | ▼-1 | 0% | 680 | ▼-17 |
| Total | 37,425 | ▲4,016 | 100% | 569,549 | ▲60,548 |
Official Irish Prices as Reported by DAFM – Week 17 (01.05.2022)
| c/kg (Incl. VAT) | U3 | Changeprev wk | R3 | Changeprev wk | O3 | Changeprev wk | P+3 | Changeprev wk |
| Steers | 525 | ▲4 | 517 | ▲5 | 505 | ▲5 | 477 | ▲8 |
| Heifers | 532 | ▲5 | 520 | ▲5 | 511 | ▲4 | 467 | ▲8 |
| Y Bulls | 511 | ▲3 | 499 | ▲2 | 482 | ▲6 | 473 | ▲11 |
| Cows | 0 | ▲0 | 472 | ▲6 | 443 | ▲5 | 429 | ▲7 |
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 |
| 23.04.2022 | 443.4 | 446.1 | 444.2 | 447.2 | 439.5 | 435.7 | 375.2 |
| 30.04.2022 | 444.1 | 447.9 | 439.2 | 445.6 | 448.2 | 439.3 | 439.2 |
| Change | ▲1 | ▲2 | ▲1 | ▲1 | ▼-0 | ▲2 | ▲3 |
| Price in c/kg (Incl VAT) | 545.3 | 550.0 | 547.2 | 550.3 | 539.3 | 537.0 | 464.3 |
Euro Price for the Most Recent Week (€/KG Deadweight excl. VAT)
| Country & Type | 02.05.2020 | 01.05.2021 | 30.04.2022 |
| EU + Y Bulls | € 3.42 | € 3.82 | € 5.14 |
| IE + Steers | € 3.43 | € 4.09 | € 4.90 |
| UK + Steers | € 3.76 | € 4.68 | € 5.21 |
Live Exports W/C 18.04.2021
Sheep Update
IFA Sheep Committee Chairman Kevin Comiskey said “hogget supplies are tightening and spring lamb numbers are slow to come forward, tipping the supply demand situation in farmers’ favour”.
The Sheep Committee Chairman said “current hogget and lamb prices offered by factories are not reflecting the input cost exposure on sheep farms and factories must reflect these costs in price increases”.
Lamb Price Update 05/05/2022
Hogget €7.20/7.50/kg. Spr lamb €8.00/8.40/kg. Higher deals groups/larger lots. Ewes €3.80/4.00/kg.
Supply Figures as Reported by DAFM – Week 17 (01.05.2022)
| Animal | Figure | Change | YTD | YTD Change |
| Lambs/Hoggets | 43904 | ▲5,247 | 785463 | ▲142,593 |
| Spring Lambs | 10859 | ▲4,749 | 26873 | ▼-5,973 |
| Ewes and Rams | 6388 | ▲1,432 | 86539 | ▼-4,181 |
| Light Lambs | 1 | ▲0 | 42 | ▼-54 |
| TOTAL | 61152 | ▲11,428 | 898917 | ▲132,385 |
Official Irish Prices as Reported by DAFM – Week 17 (01.05.2022)
| c/kg(Incl. VAT) | WK 17 | Change prev wk | 2021 | Change prev yr |
| National Avg Price | 736.75 | ▲3 | 730.66 | ▲6 |
| YTD Avg | 695.95 | ▲3 | 671.92 | ▲24 |
Official GB Prices as Reported by AHDB
| R3L | Overall SQQ* | Type of lamb | |
| 23/04/2022 | 602.9 | 597.9 | Old season |
| 30/04/2022 | 612.1 | 605.9 | Old season |
| Change | ▲9 | ▲8 | |
| Price in c/kg (Incl VAT) | 808.0 | 799.8 |
