Beef Update
IFA Livestock Chairman Brendan Golden said beef prices have remained strong this week. A base price of €4.20 to €4.30/kg is available for steers and heifers are achieving €4.25 to €4.35/kg with higher prices available for larger lots. The IFA Livestock chairman said it is important that cattle are marketed as they become fit. “Farmers are reminded that if cattle aren’t fit for slaughter, the mart is a real viable option” he said. Factory agents remain very active around mart rings looking for cattle that require a short finish for their own feedlots. “All the market indicators are good, with both retail and food service demand up on 2019 levels” he said.
Beef Price Update 07/10/21
Steer Base €4.20/4.30kg. Heifers €4.25/4.35kg. Higher deals larger lots. Y Bulls R/U €4.15/4.30Kg. Cows €3.60/4.00kg.
Supply Figures as Reported by DAFM – Week 39 (27.09.2021)
| Animal | Number | Change prev. wk. | % of total | YTD | YTD Change |
| Y Bulls | 1,524 | ▼-130 | 4% | 97,069 | ▼-12,502 |
| Bull | 493 | ▼-98 | 1% | 20,901 | ▼-4,869 |
| Steer | 17,872 | ▲658 | 50% | 501,021 | ▼-9,793 |
| Cow | 6,082 | ▼-152 | 17% | 256,493 | ▼-7,858 |
| Heifer | 9,735 | ▼-515 | 27% | 353,775 | ▼-29,967 |
| Veal-V | 36 | ▲20 | 0% | 20,791 | ▼-5,825 |
| Veal-Z | 9 | ▲1 | 0% | 1,193 | ▲39 |
| Total | 35,751 | ▼-216 | 100% | 1,251,243 | ▼-70,775 |
Official Irish Prices as Reported by DAFM – Week 39 (27.09.2021)
| c/kg (Incl. VAT) | U3 | Change Prev wk | R3 | Changeprev wk | O3 | Change prev wk | P+3 | Changeprev wk |
| Steers | 452 | ▼-1 | 441 | ▲0 | 422 | ▼-2 | 394 | ▼-1 |
| Heifers | 459 | ▲1 | 446 | ▲1 | 435 | ▲2 | 391 | ▼-2 |
| Y Bulls | 433 | ▼-3 | 424 | ▼-1 | 408 | ▼-2 | 397 | ▼-4 |
| Cows | 0 | ▲0 | 396 | ▲1 | 374 | ▲1 | 362 | ▲2 |
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 |
| 25.09.2021 | 417.1 | 420.4 | 418 | 420.2 | 409.8 | 410 | 301.9 |
| 02.10.2021 | 417.3 | 419.5 | 410.8 | 416.4 | 418.8 | 408.7 | 409.8 |
| Change | ▲0 | ▼-1 | ▼-2 | ▼-1 | ▲0 | ▼-0 | ▼-7 |
| Price in c/kg(Incl VAT) | 518.4 | 521.2 | 517.3 | 520.3 | 509.1 | 509.1 | 366.1 |
Euro Price for the Most Recent Week (€/KG Deadweight excl. VAT)
| Country & Type | 28.09.2019 | 26.09.2020 | 25.09.2021 |
| EU + Y Bulls | € 3.52 | € 3.51 | € 4.03 |
| IE + Steers | € 3.49 | € 3.62 | € 4.18 |
| UK + Steers | € 3.71 | € 4.05 | € 4.82 |
Live Exports W/C 27.09.2021
Sheep Update
IFA Sheep Chairman Sean Dennehy said tight supply is driving on the lamb trade. “Factory agents have had difficulty sourcing fit lamb this week which has pushed prices on” he said. €6.25 to €6.40/kg to 22kg is freely available for factory fit lamb. As always, better deals are available for groups and larger lots.
Where farmers are struggling to achieve high prices for lamb, they are reminded that the mart trade is also very strong and an option worth considering. The IFA Sheep Chairman said farmers should move lambs as they become fit, but to sell hard to maximise returns. Ewes are making €3.00 to €3.30kg.
Lamb Price Update 07/10/21
Lamb €6.25/6.40kg. Weights 22kg. Higher deals groups and larger lots. Sell Hard. Ewes €3.00/3.30kg.
Supply Figures as Reported by DAFM – Week 39 (27.09.2021)
| Animal | Figure | Change | YTD | YTD Change |
| Lambs/Hoggets | 538 | ▲479 | 697,340 | ▼-91,050 |
| Spring Lambs | 52,034 | ▲3,763 | 1,058,386 | ▲3,697 |
| Ewes and Rams | 9,151 | ▼-1,489 | 262,350 | ▼-15,249 |
| Light Lambs | 0 | ▼-1 | 118 | ▲64 |
| TOTAL | 61,723 | ▲2,752 | 2,018,194 | ▼-102,538 |
Official Irish Prices as Reported by DAFM – Week 39 (27.09.2021)
| c/kg (Incl. VAT) | WK 39 | Change prev. wk | 2020 | Change prev. yr |
| National Avg Price | 606.69 | ▲11 | 492.66 | ▲114 |
| YTD Avg | 661.33 | ▼-1 | 521.94 | ▲139 |
Official GB Prices as Reported by AHDB
| R3L | Overall SQQ* | Type of lamb | |
| 25/09/2021 | 494.1 | 494.0 | New season |
| 02/10/2021 | 501.6 | 502.3 | New season |
| Change | ▲8 | ▲8 | |
| Price in c/kg (Incl VAT) | 623.2 | 624.0 |
