IFA National Sheep Chairman Sean Dennehy said a lot of lambs were sold over the last few weeks, with 74,535 sold in the past week alone. He said the lamb kill is running 14% ahead of last year or up 75,000.
“This should mean supplies will be tighter in the coming weeks, and this should help steady the trade.”
Sean Dennehy said with the commencement of the Muslim Eid festival this weekend; factories need to act responsibly on price and not undermine the market in any way.
“Some plants which are chalking down their quotes are undermining the trade.”
The IFA Sheep Chairman said farmers should continue to select lambs as they become fit, keep moving and bargain hard on price and weight. He said factories were paying up to 21.5kgs with some deals to 22kgs in places.
“Positive price returns will help farmers to continue to move lambs as they become fit.”
“I think farmers that have gone through their lambs and taken two or three pulls already, have large numbers moved, and they will want to see the trade settle before they move again.”
Sean Dennehy said the mart trade has been solid with a buoyant business for store lambs and the positive opening of the breeding sales.
IFA National Livestock Chairman Brendan Golden said the cattle trade is continuing to strengthen with finished cattle in the marts making up to 30c/kg above the factory price. This is being driven by procurement managers and agents.
“This is a clear reflection that factories can afford to pay more.”
He said the steer base price is generally at €3.75 and €3.80 for heifers. Deals are being done for more, including special arrangements on transport, weight and specs in some places.
The cow price has also strengthened with P grades on €3.00/kg and good quality cows making €3.50/kg.
Brendan Golden said supply numbers are expected to tighten in the next few weeks.
“The weekly kill has been running at 35/36,000 per week and the steer kill is now 25,000 more than this time last year. The Department AIMs data clearly shows that the number of finished beef cattle coming through in future weeks and months will tighten.”
The IFA Livestock Chairman said that a boatload of young bulls would set sail for Libya from Cork this week.
Prices reported as quoted or paid to IFA Members
- Numbers tight, prices rising.
- Factories paying 5c/10c above quotes.
- Steer base €3.75/kg.
- Heifer base €3.75 – 3.80/kg.
- Young Bulls R/U €3.70/€3.80kg.
- Cows €3.00/3.50/kg.
- In-spec bonus 20c/kg for under 30 months and 8c/kg for 30 to 36 months.
- 12c/kg bonus for under 30 month steers and heifers grading O- and those with a fat class of 4+ that meet all other in spec criteria.
|FACTORY BASE QUOTES C/KG|
|Dawn Slane||3375||375/380||300 – 350|
|Kepak Athleague||375||375||300 – 350|
|Moyvalley Meats||370||370||300 – 340|
|Euro Farm Foods||375||375/380||300 – 350|
|Liffey Meats||375||375/380||300 – 340|
|Slaney Foods||375||375/380||300 – 340|
|Kepak Kilbeggan||375||375||300 – 340|
|Dawn Ballyhaunis||375||375/380||300 – 340|
|Foyle Meats*+10c 300-380kgs||375*||380*||300 – 340|
|Ashbourne Meats||375||375/380||300 – 340|
|Charleville Foods||375||375/380||300 – 340|
|Kepak Watergrasshill||375||375/380||300 – 340|
|ABP Bandon||375||375/380||300 – 340|
|ABP Cahir||375||375/380||300 – 340|
|ABP Waterford||375||375/380||300 – 340|
|Dawn Grannagh||375||375/380||300 – 340|
|ABP Nenagh||375||375/380||300 – 340|
|Farmers should insist on payment on the day for their cattle|
Liftings of Queens continue along the east coast this week, tuber numbers are reported to be slightly down but quality is excellent. The majority of Queens in the south east are now lifted and clearing well. Overall retail demand remains buoyant and the food service sector is continuing to improve. Demand for early crop is slightly quieter this week.