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Beef & Sheep Update 7th February

Cattle and Sheep in Wickow Field

Beef Update

IFA Livestock chairman Brendan Golden said beef prices continue to edge upwards.

He said €4.30/kg base price is the starting point for steers.

Heifers are starting at €4.35/kg and most factories paying €4.40/kg when pushed.

Cows are a strong trade ranging from €3.65/kg to €4.10/kg. 

Young bulls are ranging from €4.30/kg to €4.45/kg for R/U grades.

The IFA Livestock committee chairman said market conditions are strong and steady in our key export markets. 

He said that factories must push on prices to reflect the increased production costs beef farmers are facing.

Beef Price Update 03/02/2022

Steer Base €4.30/4.45kg. Heifers €4.35/4.50kg. Higher deals larger lots. Y Bulls R/U €4.25/4.40Kg. Cows €3.60/4.10kg.

Supply Figures as Reported by DAFM – Week 4  (24.01.2022)

AnimalNumberChange prev. wk.% of totalYTDYTD Change
Y Bulls4206▼-73 12%15470▲1,136
Heifer10691▼-15 30%40739▼-2,123 

Official Irish Prices as Reported by DAFM – Week 4  (24.01.2022)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Changeprev wkP+3Change prev wk
Y Bulls445▲3436▲2423▲1411▼-1 

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Change▼-0 ▼-1 ▼-0 ▼-1 ▲2▼-3 ▲0
Price in c/kg (Incl VAT)514.3516.1514.7516.1504.3490.5362.1

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

Country & Type201904.01.202101.01.2022
EU + Y BullsFigures€ 3.67€ 4.45
IE + SteersNot€ 3.55€ 4.31
UK + Steers Available€ 3.96€ 4.89

Live Exports W/C 10.01.2022

Source: Bord Bia

Sheep Update

IFA Sheep committee chairman Kevin Comiskey said factory agents are very busy in marts this week as supplies of finished lamb remains tight. 

He said factory prices have strengthened over the course of the week with the majority of hoggets now pushing to €7.00/kg with deals to €7.10/kg particularly for groups and larger lots. 

Demand for cull ewes is strong, prices are ranging from €3.30/kg to €3.50/kg.

Kevin Comiskey said lambs/hoggets have performed well over the past number of weeks and as supplies move through the system earlier it is expected numbers will tighten further in the coming weeks.

He said market conditions for sheep meat are strong and farmers should sell hard while moving hoggets as they become fit.

Lamb Price Update 03/02/2022

Hogget/lamb €7.00/7.10/kg. Higher deals groups/larger lots. Ewes €3.30/3.50/kg. Sell hard.

Supply Figures as Reported by DAFM – Week 4 (24.01.2022)

Lambs/Hoggets42650▼-572 175137▲38,021
Spring Lambs0▲00▲0
Ewes and Rams8034▲1,83725387▲5,638
Light Lambs9▲97▲0

Official Irish Prices as Reported by DAFM – Week 4 (24.01.2022)

c/kg (Incl. VAT)WK 04Change prev wk2021Change prev yr
National Avg Price652.97▼-18 579.57▲73
YTD Avg680.03▼-9 585.16▲95

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
22.01.2022588.2585.5Old season
29.01.2022580.2577.6Old season
Change▼-8 ▼-8  
Price in c/kg (Incl VAT)720.8717.6 
Source: Bord Bia

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