Beef & Sheep UpdateCattleSheep

Beef & Sheep Update 8th July

Cattle and Sheep in field, Wicklow, Ireland

Beef Update

IFA Livestock Chairman Brendan Golden said UK beef prices have risen again this week as supplies tighten. He said factory agents are very active on the ground and in marts sourcing cattle as supplies of suitable cattle here, similar to the UK ease.

He said despite attempts by factories to offer lower quotes, tight supplies, good market demand and strong resistance from farmers is returning paid prices of up to 15c/kg above quotes. He said the supply demand situation for beef in the UK and EU is very much in our favour as South American beef continues to be directed to the Chinese market, creating real opportunity for Irish beef in the key EU market.

Brendan Golden said strong beef prices in the coming weeks and months will be vital if factories want a consistent supply of cattle, beef farmer’s cannot and will not make investments in beef production at the levels that are now required without firm commitments on strong beef prices that reflect the realities of costs we are incurring on our farms.

Beef Price Update: 07/07/2022

Steer Base €4.90/5.05kg. Heifers €5.00/5.10kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €4.90

Supply Figures as Reported by DAFM – WK 26 (03.07.2022)

AnimalNumberChange prev wk% of totalYTDYTD Change
Y Bulls2,834▼-2009%78,001▲2,571

Official Irish Prices as Reported by DAFM – WK 26 (03.07.2022)

c/kg (Incl. VAT)U3Change prev wkR3Change prev wkO3Change prev wkP+3Change prev wk
Y Bulls545▼-5532▼-7510▼-8494▼-4

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Price in c/kg (Incl VAT)559.4565.4557.1561.0553.2551.9479.2

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

Country & Type13.06.202012.06.202111.06.2022
EU + Y Bulls€ 3.50€ 3.87€ 4.87
IE + Steers€ 3.61€ 4.15€ 5.32
UK + Steers€ 4.05€ 4.58€ 5.26

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Sheep Update

IFA Sheep Committee Chairman Kevin Comiskey said lamb prices are ranging from €7.60/kg to €7.80/kg as factories struggle to meet demand from the market place.

Kevin Comiskey said exporters are also very active and are competing strongly with factory agents in marts where prices have increased by up to €5 for lambs.

Demand for cull ewes is firm with prices up to €4.40/kg paid.

Lamb Price Update: 07/07/2022

Lamb €7.40/7.80/kg. Higher deals groups/larger lots. Ewes €4.00/4.30/kg.

Supply Figures as Reported by DAFM – WK 26 (03.07.2022)

AnimalFigureChangeYTDYTD Change
Spring Lambs45,411▲3,641320,948▼-55,021
Ewes and Rams8,049▲1,626143,516▼-2,899
Light Lambs0▲089▼-16

Official Irish Prices as Reported by DAFM – WK 26 (03.07.2022)

c/kg (Incl. VAT)WK 26Change prev wk2021Change prev yr
National Avg Price730.55▼-31617.14▲113
YTD Avg719.88▲0688.27▲32

Official GB Prices as Reported by AHDB

 R3LOverall SQQ*Type of lamb
25-Jun-22645.3646.7New season
02-Jul-22637.2637.9New season
Price in c/kg (Incl VAT)791.6792.5 

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