Beef Update
IFA Livestock Chairman Brendan Golden said market conditions for beef remain strong. He said the trade is underpinned by tight supplies and strong retail performance. Steers are making €4.25-4.35/kg, heifers are making €4.30/4.40/kg, with some deals higher, including flat prices for selective lots. He said the prime Irish composite price continues to edge upwards with last week’s price increasing to €4.16/kg and the prime export benchmark price increasing to €4.06/kg. The IFA Chairman said supplies of suitable cattle are tight and demand from factory agents in marts for all types of finished cattle is strong. Cows are ranging from €3.60-4.00/kg Young Bulls R/U €4.30-4.40/kg. Brendan Golden said farmers should sell hard as factories struggle to meet demand.
Beef Price Update 08/07/2021
Steer base €4.25/4.35kg. Heifer €4.30/4.40kg. Higher deals larger lots. Y Bulls R/U €4.30/4.40kg. Cows €3.60/4.00kg.
Supply Figures as Reported by DAFM – Week 26 (28.06.2021)
| Animal | Number | Change prev. wk. | % of total | YTD | YTD Change |
| Y Bulls | 2,455 | ▼-15 | 8% | 75,431 | ▼-13,156 |
| Bull | 451 | ▼-4 | 1% | 13,088 | ▼-3,065 |
| Steer | 11,816 | ▲732 | 38% | 290,098 | ▼-14,262 |
| Cow | 7,559 | ▲86 | 24% | 172,168 | ▲2,852 |
| Heifer | 8798 | ▲21 | 28% | 236,849 | ▼-26,535 |
| Veal-V | 22 | ▲21 | 0% | 20,568 | ▼-5,788 |
| Veal-Z | 12 | ▼-11 | 0% | 977 | ▲112 |
| Total | 31,113 | ▲830 | 100% | 809,179 | ▼-59,842 |
Official Irish Prices as Reported by DAFM – Week 26 (28.06.2021)
| c/kg (Incl. VAT) | U3 | Change prev. wk. | R3 | Change prev. wk. | O3 | Change prev. wk. | P+3 | Change prev. wk. |
| Steers | 459 | ▲5 | 448 | ▲3 | 431 | ▲2 | 403 | ▲1 |
| Heifers | 464 | ▲4 | 451 | ▲4 | 440 | ▲2 | 396 | ▲3 |
| Y Bulls | 449 | ▲5 | 435 | ▲3 | 412 | ▲1 | 407 | ▲7 |
| Cows | 0 | ▲0 | 389 | ▲5 | 368 | ▲6 | 358 | ▲6 |
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 |
| 26.06.2021 | 401 | 405.7 | 401.6 | 405.1 | 396.8 | 398.7 | 307.6 |
| 03.07.2021 | 405.3 | 409 | 404.3 | 408.2 | 400.5 | 399.6 | 309.5 |
| Change | ▲4 | ▲3 | ▲3 | ▲3 | ▲4 | ▲1 | ▲2 |
| Price in c/kg (Incl VAT) | 497.3 | 502.2 | 496.4 | 501.2 | 491.8 | 490.7 | 380.0 |
Euro Price for the Most Recent Week (€/KG Deadweight excl. VAT)
| Country & Type | 29.06.2019 | 27.06.2020 | 26.06.2021 |
| EU + Y Bulls | € 3.52 | € 3.49 | € 3.89 |
| IE + Steers | € 3.70 | € 3.61 | € 4.22 |
| UK + Steers | € 3.75 | € 4.03 | € 4.66 |
Live Exports W/C 28.06.2021
Sheep Update
IFA Sheep Chairman Sean Dennehy said strong market demand and tight supplies of suitable lambs forced factories into increasing prices this week. “Deals of €6.40 to €6.60/kg are being offered. Farmers with suitable lambs are rightly holding out for these and higher prices,” he said. Factories are actively seeking lambs to meet the increased demand for the Eid festival starting on July 20th and have had to increase prices. The trade is helped by increased live export buying and will be further supported following the Eid festival as breeding and store sales commence. Cull ewes are also in strong demand with €3.60/kg available. Farmers should continue to sell hard in these favourable market conditions.
Lamb Price Update 08/07/21
Prices stronger Spring Lamb €6.40/6.40/kg. Factories buying for EID. Demand Strong. Sell Hard. Ewes €3.30/3.60kg.
Supply Figures as Reported by DAFM – Week 26 (28.06.2021)
| Animal | Figure | Change | YTD | YTD Change |
| Lambs/Hoggets | 1,198 | ▲659 | 693,858 | ▼-91,370 |
| Spring Lambs | 50,089 | ▲2,275 | 375,969 | ▲7,691 |
| Ewes and Rams | 6,678 | ▲338 | 146,415 | ▼-16,745 |
| Light Lambs | 0 | ▲0 | 105 | ▲64 |
| TOTAL | 57,965 | ▲3,272 | 1,216,347 | ▼-100,360 |
Official Irish Prices as Reported by DAFM – Week 26 (28.06.2021)
| c/kg (Incl. VAT) | This week | Change prev. wk | 2020 | Change prev. yr |
| National Avg Price | 617.14 | ▼-48 | 510.24 | ▲107 |
| YTD Avg | 688.27 | ▼-3 | 529.09 | ▲159 |
Official GB Prices as Reported by AHDB
| R3L | Overall SQQ* | Type of lamb | |
| 26/06/2021 | 586.8 | 587.2 | New season |
| 03/07/2021 | 516.1 | 518.8 | New season |
| Change | ▼-71 | ▼-68 | |
| Price in c/kg (Incl VAT) | 633.7 | 637.0 |
