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Beef & Sheep Update 7th May

Sheep and Cattle in Wicklow

Beef Update

IFA President Tim Cullinan said the full takeover of Slaney Meats and ICM by ABP is a further erosion of competition in the processing sector. “This consolidation of the buying power for livestock in the hands of a few has to be addressed by the Minister for Agriculture and the CPCC,” he said. It comes five years after a joint venture in which ABP took a 50% share in the businesses. He said this latest move renews the urgency for the Minister to implement the primary legislation to provide the office of the Food Regulator with the powers necessary to investigate and enforce at all levels throughout the supply chain. He said returns to livestock farmers must be maximised from the market place.  In order to achieve this, it’s critical we have full transparency on margins throughout the process.

Beef Price Update 06/05/21

Steer base €4.10/4.15kg. Heifers €4.15/4.20kg. Higher deals larger lots. Market strong. Y Bulls R/U €4.10/4.30kg. Cows €3.30/3.85kg

Supply Figures as Reported by DAFM – Week 17 (02.05.2021)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls2,275▲928%48,740▼-15,065 
Bull506▼-138 2%7,724▼-2,517 
Steer10,916▼-579 38%192,575▼-9,456 
Cow6,107▼-646 21%105,841▲696
Heifer8,600▼-461 30%161,699▼-18,788 
Veal-Z33▼-24 0%730▲107
Total28,787▼-1,716 100%537,752▼-50,164 

Official Irish Prices as Reported by DAFM – Week 17 (02.05.2021)

c/kg(Incl. VAT)U3Changeprev wkR3Changeprev wkO3Changeprev wkP+3Changeprev wk
Y Bulls428▲8414▲3396▲2391▲6
Cows0▲0373▼-1 354▲5343▲5

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Price in c/kg(Incl. VAT)501.3507.9500.8508.8496.1504.2360.5

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

Country & Type27.04.201925.04.202024.04.2021
EU + Y Bulls€ 3.63€ 3.44€ 3.83
IE + Steers€ 3.70€ 3.40€ 4.04
UK + Steers € 4.03€ 3.70€ 4.69
Source: BordBia

Sheep Update

IFA Sheep Chairman Sean Dennehy said market conditions for sheep meat are positive this week as factories actively seek lambs and hoggets fit for slaughter. Supplies are tight with last week’s kill 9,339 less than the same week in 2020. Year to date throughput is down 8% on 2020 figures. “Hoggets are particularly scare at the moment with quality available varied” he said.  Both factory agents and wholesalers are actively looking for stock and supplies remain tight.  “Lamb is moving well at retail level and the end of Ramadan and upcoming Eid al-Fitr is giving it an additional boost,” he said. The IFA sheep Chairman said farmers should select their lambs carefully and move numbers as they become fit.

Lamb Price Update 06/05/21

QA Hoggets €7.40/7.50kg. Spring Lamb €7.70/8.00kg. Weight 20.5kg. Higher deals for groups and larger lots. Ewes €3.20/3.50kg.

Supply Figures as Reported by DAFM – Week 17 (02.05.2021)

AnimalFigureChangeYTDYTD Change
Lambs/Hoggets20,347▼-4,870 642,870▼-73,185 
Spring Lambs15,397▲7,08032,846▲13,606
Ewes and Rams6,635▲65290,720▼-8,352 
Light Lambs2▼-2 96▲74

Official Irish Prices as Reported by DAFM – Week 17 (02.05.2021)

c/kg(Incl. VAT)Week 17Change prev wk2020Changeprev yr
National Avg Price730.7▼-36 590.8▲140
YTD Avg671.9▲4519.1▲153

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
24.04.2021680.3674.2Old season
01.05.2021649.8644.3Old season
Change▼-31 ▼-30  
Price in c/kg(Incl. VAT)788.7782.0 
Source: BordBia

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