Beef & Sheep UpdateCattleCattle PricesSheepSheep Prices

Beef & Sheep Update 9th April

Cattle and Sheep in field, Wicklow, Ireland

Beef Update

IFA Livestock Chairman Brendan Golden said the phased re-opening of the food service sector in the UK will increase demand for Irish beef and must translate into higher beef prices. “The food service sector in the UK is a key outlet for Irish beef and the phased re-opening from next Monday is a significant development for beef sales,” he said. He said prices continue to edge upwards, but are not closing the gap with the Prime Export Benchmark price, which is at 11c/kg. The food service sector in the UK is scheduled for full reopening in May.  This will increase demand for beef in the coming weeks and must return meaningful beef price increases,” he said. Prices for next week have increased by a further 5c/kg.

Beef Price Update

Steer base €3.85/3.95kg. Heifers €3.90/4.00kg. Higher deals. Market strong. Y Bulls R/U €3.85/4.00kg. Cows €3.20/3.70kg

Supply Figures as Reported by DAFM – Week 13 (29.03.2021)

AnimalNumberChange prev. wk.% of totalYTDYTD Change
Y Bulls2245▼-425 7%39936▼-14,962 
Steer11696▼-586 38%147224▼-12,587 
Heifer9525▼-163 31%126580▼-20,023 
Veal-V848▼-293 3%18395▼-4,270 
Veal-Z23▼-13 0%535▲31
Total31124▼-876 100%418582▼-60,653 

Official Irish Prices as Reported by DAFM – Week 13 (29.03.2021)

c/kg(Incl. VAT)U3Changeprev wkR3Change prev wkO3Changeprev wkP+3Changeprev wk
Y Bulls402▲3391▲5375▲4367▲12

Official GB Prices as Reported by AHDB

 SteersSteersHeifersHeifersY bullY bullCow
Price in c/kg(Incl. VAT)489.0493.9488.4493.8478.4477.7349.5

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

Country & Type30.03.201928.03.202027.03.2021
EU + Y Bulls€ 3.67€ 3.52€ 3.74
IE + Steers€ 3.64€ 3.65€ 3.83
UK + Steers € 3.97€ 3.74€ 4.58

Sheep Update

IFA National Sheep Chairman Sean Dennehy said the demand for hoggets, lambs and cull ewes is stronger again this week. He said the combination of the start of Ramadan next week and supermarket demand is driving the trade. Sean Dennehy said hoggets are making up to €8.00/kg, with higher deals available for larger lots.   Spring lamb is making €8.20/kg, with deals available for groups and larger lots. He said the cull ewe trade is strong, with prices of €3.50/kg paid. Sean Dennehy said the mart trade is providing a real competitive alternative, where prices are comparable, or in some instances, above what factories are offering.  There’s a particularly strong trade for fleshed cull ewes. 

Lamb Price Update

QA Hoggets €7.70/8.00kg Spring Lamb €8.00/8.20kg. Higher deals for groups and larger lots. Strong demand. Ewes €3.20/3.50kg.

Supply Figures as Reported by DAFM – Week 13 (29.03.2021)

AnimalFigureChangeYTDYTD Change
Lambs/Hoggets36426▼-8,515 528298▼-43,721 
Spring Lambs1390▲1,3901390▲1,390
Ewes and Rams4532▼-371 69081▼-11,542 
Light Lambs6▲482▲64
TOTAL42354▼-7,492 598851▼-53,809 

Official Irish Prices as Reported by DAFM – Week 13 (29.03.2021)

c/kg (Incl. VAT)Week 13 ChangePrev wk2020Change prev yr
National Avg Price723.63▼-1 510.75▲213
YTD Avg645.23▲7508.47▲137

Official GB Prices as Reported by AHDB

 R3L Overall SQQ*Type of lamb
27.03.2021630.3626.5Old season
03.04.2021624.7619.3Old season
Change▼-6 ▼-7  
Price in c/kg758.3751.7 

Related Articles