IFA National Sheep committee chairman Sean Dennehy said strong competition between factories for the tight supplies of finished lambs has pushed prices paid this week on by 5 – 10c/kg.
Lambs are making €5.30/kg to €5.40/kg with deals to €5.50/kg available. The mart trade for fleshed lambs is outperforming factory prices in cases. Cull ewes are ranging from €2.60/kg to €2.85/kg
IFA Livestock chairman Brendan Golden strongly criticised the factory attempts to cut cow prices. Some factories dropped quotes by up 20c/kg. Prices paid remain stronger than quotes, good quality cows are making €3.20/€3.40/kg, P/O grade €2.70/€2.90/kg.
Market conditions are strong as the supermarket trade, which has performed well throughout the COVID-19 restrictions, build stocks for the Christmas trade.
Steers €3.60/3.65/kg, heifers €3.65/3.70/kg.
Brendan Golden called on the factories to reflect the market conditions of tighter projected supplies and strong supermarket demand by closing the current gap with the UK prices. Prices in our main export market are strong and steady at the vat inclusive equivalent of €4.45/kg for R4L steers.
BEEF MARKET UPDATE
Latest Beef Price Update 5th November 2020:
Steers €3.60-3.65/kg. Heifers €3.60-3.70/kg. Y bulls €3.50-3.80/kg. Cows €2.80-3.30/kg.
| Week 43 Slaughter Figures 26/10/2020 – 01/11/2020 |
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| Animal | Numbers | % of Total Kill | % Change from prev. Week |
| Steers | 13,892 | 42% | -16.4% |
| Heifers | 9,355 | 28% | -10.9% |
| Young Bulls | 1,637 | 5% | +4.4% |
| Cows | 7,670 | 23% | -2.7% |
| Total | 33,178 | -10.8% | |
| Year to Date Slaughter Figures | |||
| Numbers | Change from 2019 | ||
| TOTAL | 1,502,267 | +3.1% | |
Source: DAFM Weekly Beef Slaughter Figures
| Official Irish Prices | Official GB Prices | ||||||||
| Animal | Euro/Kg | Change from prev. week | Animal | GBP/Kg | Change from prev. week | Euro/Kg | |||
| R3 Steers | €3.79 | +0.3% | R3 Steers | £3.76 | +0.3% | €4.40 | |||
| R3 Heifers | €3.83 | +0.5% | R3 Heifers | £3.76 | +0.5% | €4.40 | |||
| Y Bulls | O | €3.43 | +0.6% | Y Bulls | O | £3.45 | 0% | €4.04 | |
| R | €3.63 | +0.3% | R | £3.65 | +0.8% | €4.27 | |||
| U | €3.72 | 0% | U | £3.71 | -0.8% | €4.34 | |||
| Cows | O | €3.06 | 0% | Cows | O | £2.74 | -1.1% | €3.21 | |
| R | €3.22 | -1.2% | R | £2.84 | -0.4% | €3.33 | |||
Source: DAFM Average Prices, AHDB Deadweight Cattle Price Report
Source: European Commission
Live Exports:
Source: Bord Bia
SHEEP MARKET UPDATE
Latest Lamb Price Update 29th October 2020:
QA lambs getting €5.30-5.40/kg. Producer groups on slightly higher. Ewes €2.60-€2.85/kg.
| Week 43 Slaughter Figures 26/10/2020 – 01/11/2020 | |||
| Animal | Numbers | % Change from prev. Week | % Change from same week 2019 |
| Sheep | 51,828 | -15.6% | -3.3% |
| Year to Date Slaughter Figures | |||
| Numbers | Change from 2019 | ||
| TOTAL | 2,421,474 | +5% | |
Source: DAFM Meat Market Report, AHDB GB Deadweight Sheep Prices
| Official Irish Prices | Official GB Prices | ||||
| Euro/Kg | % Change from same week in 2019 | GBP/Kg | Euro/Kg | ||
| Lamb | €4.90 | +20% | Lamb | £4.36 | €5.11 |
Source: DAFM Meat Market Report
Live Trade: Total live exports stood at 24,807 head to the 01 October 2020
Select and Sell: As always, the advice is to move lambs as they become fit.
