Beef Update
IFA Livestock Chairman Brendan Golden said factories are not reflecting the strength of the market in prices paid to farmers.
He said the latest prime export benchmark price of €5.06/kg, is now 27c/kg ahead of the prime Irish composite price of €4.79/kg.
Brendan Golden said supplies of prime cattle are tight and all market indicators reflect positive conditions for Irish beef.
Factories are paying €4.80-5.00kg for steers and €4.85-5.05kg for heifers. Y bulls R/U are making €4.70-5.05kg while cows are ranging from €4.40-5.00kg with higher prices for larger and specialist lots.
The IFA Livestock Chairman said there is no justification for prices falling 27c/kg behind the Prime export benchmark price and factories must come forward with prices that reflect the current market situation.
Beef Price Update 12/08/2022
Steer Base €4.80/5.00/kg. Heifers €4.85/5.05/kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €4.70/5.05Kg. Cows €4.40/5.00kg.
Supply Figures as Reported by DAFM – WK 31 (07.08.2022)
| Animal | Number | Change prev wk | % of total | YTD | YTD Change |
| Y Bulls | 1,639 | ▼-482 | 5% | 89,763 | ▲4,643 |
| Bull | 629 | ▼-54 | 2% | 17,366 | ▲1,219 |
| Steer | 15,296 | ▲185 | 48% | 387,933 | ▲25,225 |
| Cow | 6,123 | ▼-1,197 | 19% | 242,700 | ▲35,002 |
| Heifer | 8,321 | ▼-655 | 26% | 296,970 | ▲17,513 |
| Veal-V | 13 | ▲10 | 0% | 27,931 | ▲7,313 |
| Veal-Z | 10 | ▼-12 | 0% | 1,120 | ▲32 |
| Total | 32,031 | ▼-2,205 | 100% | 1,063,783 | ▲90,947 |
Official Irish Prices as Reported by DAFM – WK 31 (07.08.2022)
| c/kg (Incl. VAT) | U3 | Changeprev wk | R3 | Change prev wk | O3 | Change prev wk | P+3 | Change prev wk |
| Steers | 517 | ▼-3 | 508 | ▼-2 | 493 | ▼-1 | 460 | ▼-2 |
| Heifers | 526 | ▼-5 | 513 | ▼-3 | 502 | ▼-4 | 460 | ▲3 |
| Y Bulls | 510 | ▼-4 | 497 | ▲2 | 471 | ▼-7 | 461 | ▼-3 |
| Cows | 0 | ▲0 | 485 | ▲6 | 460 | ▲1 | 446 | ▲0 |
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 |
| 30/07/2022 | 444.6 | 451 | 444.6 | 448.9 | 435.6 | 435.5 | 374.6 |
| 06/08/2022 | 442.7 | 446.2 | 435.8 | 440.9 | 446.4 | 435.6 | 433.7 |
| Change | ▼-2 | ▼-5 | ▼-4 | ▼-3 | ▼-2 | ▼-1 | ▲0 |
| Price in c/kg (Incl VAT) | 550.0 | 554.3 | 547.8 | 554.6 | 538.8 | 540.3 | 465.4 |
Euro Price for the Most Recent Week (€/KG Deadweight excl. VAT)
| Country & Type | 08/08/2020 | 07/08/2021 | 06/08/2022 |
| EU + Y Bulls | € 3.53 | € 3.88 | € 4.98 |
| IE + Steers | € 3.75 | € 4.26 | € 4.81 |
| UK + Steers | € 4.15 | € 4.84 | € 5.22 |
Live Exports W/C 01.08.2022
Sheep Update
IFA Sheep Chairman Kevin Comiskey said lamb prices have remained steady this week on the back of tight supplies and strong market demand. He said quality fleshed lambs are scarce on the ground and factories are having to compete strongly to secure supplies of suitable finished lamb. Last week’s spring lamb throughput was back 5,638/head while overall throughput was back 6,543/head from the previous week. Kevin Comiskey said store and breeding sales are very positive in marts and are providing further competition to factories for lambs. Factories are offering deals up to €6.70kg for lambs this week while ewes are ranging from €3.50-3.80kg. The IFA Sheep Chairman said factories must come forward and increase prices further to reflect the increased cost of production on sheep farms. He said farmers should avoid selling underweight lambs and sell hard to maximise returns.
Lamb Price Update 12/08/2022
Lamb €6.40/6.70/kg. Higher deals groups/larger lots. Ewes €3.40/3.80/kg.
Supply Figures as Reported by DAFM – WK 31 (07.08.2022)
| Animal | Figure | Change | YTD | YTD Change |
| Lambs/Hoggets | 356 | ▼-17 | 893,925 | ▲198,111 |
| Spring Lambs | 42,429 | ▼-5,638 | 573,134 | ▼-70,794 |
| Ewes and Rams | 7,728 | ▼-888 | 184,283 | ▼-1,089 |
| Light Lambs | 1 | ▲0 | 106 | ▼-5 |
| TOTAL | 50,514 | ▼-6,543 | 1,651,448 | ▲126,223 |
Official Irish Prices as Reported by DAFM – WK 31 (07.08.2022)
| c/kg (Incl. VAT) | WK 31 | Change prev wk | 2021 | Change prev yr |
| National Avg Price | 632.72 | ▼-29 | 604.77 | ▲28 |
| YTD Avg | 714.51 | ▼-3 | 676.59 | ▲38 |
Official GB Prices as Reported by AHDB
| R3L | Overall SQQ* | Type of lamb | |
| 30/07/2022 | 575.7 | 574.5 | New season |
| 06/08/2022 | 524.6 | 525.6 | New season |
| Change | ▼-51 | ▼-49 | |
| Price in c/kg (Incl VAT) | 651.7 | 653.0 |
Live Sheep Exports 18/07/2022
