Beef Update
IFA Livestock Chairman Brendan Golden said beef prices have remained steady this week as a result of strong farmer resistance to lower quotes. He said factories are paying €4.20-€4.30/kg base price to get steers this week, with up to €4.35/kg available for heifers. Supplies of cattle for the remainder of the year are predicted by Bord Bia to be back up to 40,000 head compared to last year. Brendan Golden said factories know supplies will be extremely tight for the year. Demand for Irish beef will be strong and prices must reflect this favourable market situation. Young bulls are ranging from €4.15 to €4.30Kg for R and U grades and cows are making €3.60 to €4.00/kg.
Beef Price Update 30/09/21
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 38 (20.09.2021)
| Animal | Number | Change prev. wk. | % of total | YTD | YTD Change |
| Y Bulls | 1654 | ▲170 | 5% | 93891 | ▼-1,654 |
| Bull | 591 | ▼-23 | 2% | 19817 | ▼-591 |
| Steer | 17214 | ▼-396 | 48% | 465935 | ▼-17,214 |
| Cow | 6234 | ▲0 | 17% | 244177 | ▼-6,234 |
| Heifer | 10250 | ▲332 | 28% | 333790 | ▼-10,250 |
| Veal-V | 16 | ▼-33 | 0% | 20739 | ▼-16 |
| Veal-Z | 8 | ▼-15 | 0% | 1176 | ▼-8 |
| Total | 35967 | ▲35 | 100% | 1179525 | ▼-35,967 |
Official Irish Prices as Reported by DAFM – Week 38 (20.09.2021)
| c/kg (Incl. VAT) | U3 | Changeprev wk | R3 | Change prev wk | O3 | Change prev wk | P+3 | Changeprev wk |
| Steers | 453 | ▲1 | 441 | ▲1 | 424 | ▲1 | 395 | ▲1 |
| Heifers | 458 | ▲1 | 445 | ▲0 | 433 | ▲0 | 393 | ▲2 |
| Y Bulls | 436 | ▲2 | 425 | ▲4 | 410 | ▲2 | 401 | ▼-3 |
| Cows | 0 | ▲0 | 395 | ▼-1 | 373 | ▲2 | 360 | ▲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 |
| 18.09.2021 | 417.1 | 420.6 | 417.7 | 420.2 | 409.4 | 405.7 | 306.8 |
| 25.09.2021 | 417.1 | 420.4 | 411.7 | 418.0 | 420.2 | 409.8 | 409.8 |
| Change | ▲0 | ▼-0 | ▲0 | ▲0 | ▲0 | ▲4 | ▼-5 |
| Price in c/kg (Incl VAT) | 512.2 | 516.2 | 513.3 | 516.0 | 503.2 | 503.4 | 370.7 |
Euro Price for the Most Recent Week (€/KG Deadweight excl. VAT)
| Country & Type | 21.09.2019 | 19.09.2020 | 18.09.2021 |
| EU + Y Bulls | € 3.52 | € 3.51 | € 3.99 |
| IE + Steers | € 3.42 | € 3.63 | € 4.17 |
| UK + Steers | € 3.70 | € 4.06 | € 4.84 |
Live Exports W/C 13.09.2021
Sheep Update
IFA Sheep Chairman Sean Dennehy said demand for lamb is strong from factories this week. He said market conditions remain strong and the number of suitable lambs available are tight. Last week’s sheep throughput was back 3,012 head from the previous week and overall throughput is running 103,055 head behind the corresponding date in 2020. Factories are paying €6.20kg to €6.35/kg, with higher deals available for groups and larger lots. Weights to 22kg are also available to farmers in factories. Mart trade is performing very strong with finished and store lambs in high demand. Cull ewes are making from €3.00kg to €3.30kg. He said farmers should sell hard in this positive market environment, while moving lambs as they become fit to maximize returns.
Lamb Price Update 30/09/21
Lamb €6.20/6.35kg. Weights 22kg. Higher deals groups and larger lots. Sell Hard. Ewes €3.00/3.30kg.
Supply Figures as Reported by DAFM – Week 38 (20.09.2021)
| Animal | Figure | Change | YTD | YTD Change |
| Lambs/Hoggets | 59 | ▼-38 | 696802 | ▼-91,375 |
| Spring Lambs | 48271 | ▼-4,117 | 1006352 | ▲1,688 |
| Ewes and Rams | 10640 | ▲1,142 | 253199 | ▼-13,432 |
| Light Lambs | 1 | ▲1 | 118 | ▲64 |
| TOTAL | 58971 | ▼-3,012 | 1956471 | ▼-103,055 |
Official Irish Prices as Reported by DAFM – Week 38 (20.09.2021)
| c/kg (Incl. VAT) | WK 38 | Change prev. wk | 2020 | Change prev. yr |
| National Avg Price | 595.76 | ▼-11 | 503.74 | ▲92 |
| YTD Avg | 662.76 | ▼-4 | 522.71 | ▲140 |
Official GB Prices as Reported by AHDB
| R3L | Overall SQQ* | Type of lamb | |
| 18/09/2021 | 508.4 | 508.4 | New season |
| 25/09/2021 | 494.1 | 494.0 | New season |
| Change | ▼-14 | ▼-14 | |
| Price in c/kg (Incl VAT) | 606.7 | 606.6 |
