Beef Update
Brendan Golden said numbers are tight, the UK supplies are predicated to be down 5% this year and beef sales in supermarkets continue to show both volume and value growth. Prices in the UK are strengthening.
Brendan Golden said the latest Prime Export Benchmark price shows continued growth in our key markets for beef rising by a further 1c/kg to €3.83/kg, the Irish Prime Composite price rose by 2c/kg for the same period to €3.71/kg. The IFA livestock chairman said this still leaves an unacceptable price gap of 12c/kg which must be closed. He said farmers should demand immediate price increases to reflect to the strength of the market, removal of Brexit uncertainty and growing demand for beef.
Beef Price Update 11/03/21
Steer base €3.75/3.80kg. Heifers €3.80/3.85kg. Higher deals Market strong Y Bulls R/U €3.75/3.95kg. Cows €2.90/3.50kg.
Supply Figures as Reported by DAFM – Week 9 (01.03.2021)
| Animal | Number | Change prev. wk. | % of total | YTD | YTD Change |
| Y Bulls | 2,654 | ▼-215 | 8% | 30,217 | ▼-12,195 |
| Bull | 457 | ▼-10 | 1% | 3,282 | ▼-1,581 |
| Steer | 11,667 | ▲701 | 34% | 98,698 | ▼-9,651 |
| Cow | 6,070 | ▼-631 | 18% | 56,765 | ▼-2,245 |
| Heifer | 9,532 | ▲170 | 28% | 89,603 | ▼-11,960 |
| Veal-V | 3,592 | ▲344 | 11% | 11,241 | ▲1,976 |
| Veal-Z | 60 | ▲7 | 0% | 410 | ▲54 |
| Total | 34,032 | ▲366 | 100% | 290,216 | ▼-35,602 |
Official Irish Prices as Reported by DAFM – Week 9 (01.03.2021)
| c/kg (Incl. VAT) | U3 | Changeprev wk | R3 | Change prev wk | O3 | Changeprev wk | P+3 | Changeprev wk |
| Steers | 410 | ▲3 | 399 | ▲4 | 382 | ▲3 | 351 | ▲3 |
| Heifers | 416 | ▲1 | 404 | ▲4 | 389 | ▲3 | 346 | ▲4 |
| Y Bulls | 391 | ▲1 | 378 | ▲2 | 364 | ▲4 | 359 | ▲12 |
| Cows | 0 | ▲0 | 340 | ▲3 | 316 | ▲4 | 303 | ▲7 |
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 |
| 27.02.2021 | 382 | 385.3 | 380.9 | 384.5 | 373.4 | 370.3 | 272.3 |
| 06.03.2021 | 383.8 | 386.3 | 384.2 | 386.6 | 373.2 | 369.6 | 275.4 |
| Change | ▲2 | ▲1 | ▲3 | ▲2 | ▼-0 | ▼-1 | ▲3 |
| Price in c/kg (Incl. VAT) | 471.3 | 474.3 | 471.8 | 474.7 | 458.3 | 453.8 | 338.2 |
Live Exports W/C 22.02.2021
Sheep Update
IFA National Sheep committee chairman Sean Dennehy said factory prices for hoggets continues to increase.
He said factories are freely paying €7.30kg to €7.50/kg with higher prices available to secure supplies to meet the strong market demand.
Sean said deals on weight to 24kgs are also on offer from factories as they try to secure numbers to fill orders.
He said farmers should sell hard in a positive and rising market where supplies are a long way short of demand.
Lamb Price Update 12/03/21
QA Hoggets €7.30/7.50kg. Deals on weight to 24kgs. Higher deals for groups and larger lots. Strong demand. Ewes €2.90/3.20kg.
Supply Figures as Reported by DAFM – Week 9 (01.03.2021)
| Animal | Figure | Change | YTD | YTD Change |
| Lambs/Hoggets | 42,631 | ▲5,413 | 366,912 | ▼-20,203 |
| Spring Lambs | 0 | ▲0 | 0 | ▲0 |
| Ewes and Rams | 4,560 | ▼-1,671 | 50,865 | ▼-8,907 |
| Light Lambs | 26 | ▲15 | 60 | ▲57 |
| TOTAL | 47,217 | ▲3,757 | 417,837 | ▼-29,053 |
Official Irish Prices as Reported by DAFM – Week 9 (01.03.2021)
| c/kg (Incl. VAT) | Week 9 | Changeprev. wk | 2020 | Change prev. yr |
| National Avg Price | 681.57 | ▲26 | 542.67 | ▲139 |
| YTD Avg | 613.53 | ▲9 | 503.62 | ▲110 |
Official GB Prices as Reported by AHDB
| R3L | Overall SQQ* | Type of lamb | |
| 27.02.2021 | 616.7 | 613.9 | Old season |
| 06.03.2021 | 617.5 | 615.3 | Old season |
| Change | ▲1 | ▲1 | |
| Price in c/kg (Incl. VAT) | 758.2 | 755.5 |
Total Live Sheep Exports 2020 as Reported by DAFM
