Beef Update
The IFA Livestock Chairman Brendan Golden said our key markets in the UK and across Europe are performing well. The Bord Bia prime Irish composite price is 14c/kg behind the prime export benchmark price, which shows that our markets are delivering more than factories are paying to Irish finishers.
Brendan Golden said prices have increased by 5c this week, heifers are making €4.30/kg to €4.45/kg, Steers are making from €4.25/kg to €4.40/kg. The Young bull trade has remained steady at €4.20-€4.40/kg for R/U grades respectively. Demand for cows remains strong and prices of €3.50/kg to €4.00/kg are available.
Reminder: Deadline for BDGP extension applications is 5pm Monday 20th of December.
Beef Price Update 16/12/21
Steer Base €4.25/4.40kg. Heifers €4.30/4.45kg. Higher deals larger lots. Y Bulls R/U €4.20/4.40Kg. Cows €3.50/4.00kg.
Supply Figures as Reported by DAFM – Week 49 (06.12.2021)
| Animal | Number | Change prev. wk. | % of total | YTD | YTD Change |
| Y Bulls | 3,349 | ▲58 | 10% | 121,109 | ▼-9,706 |
| Bull | 422 | ▼-66 | 1% | 25,497 | ▼-6,057 |
| Steer | 11,497 | ▼-462 | 33% | 647,253 | ▼-15,409 |
| Cow | 8,987 | ▼-336 | 26% | 336,359 | ▼-8,727 |
| Heifer | 10,475 | ▲247 | 30% | 456,705 | ▼-32,684 |
| Veal-V | 2 | ▼-7 | 0% | 20,987 | ▼-5,911 |
| Veal-Z | 52 | ▼-5 | 0% | 1,586 | ▲82 |
| Total | 34,784 | ▼-571 | 100% | 1,609,496 | ▼-78,412 |
Official Irish Prices as Reported by DAFM – Week 49 (06.12.2021)
| c/kg (Incl. VAT) | U3 | Changeprev wk | R3 | Changeprev wk | O3 | Changeprev wk | P+3 | Changeprev wk |
| Steers | 457 | ▲1 | 448 | ▲3 | 432 | ▲2 | 400 | ▲1 |
| Heifers | 466 | ▲4 | 452 | ▲2 | 443 | ▲1 | 394 | ▲1 |
| Y Bulls | 439 | ▲1 | 429 | ▲1 | 416 | ▲2 | 400 | ▼-5 |
| Cows | 0 | ▲0 | 400 | ▲7 | 369 | ▲3 | 351 | ▲3 |
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 |
| 04.12.2021 | 418.8 | 421.2 | 418.1 | 420.3 | 410.7 | 399.6 | 279.5 |
| 11.12.2021 | 416.5 | 420.3 | 408.8 | 415.6 | 418.6 | 406.5 | 405.0 |
| Change | ▼-2 | ▼-1 | ▼-3 | ▼-2 | ▼-6 | ▲2 | ▲0 |
| Price in c/kg(Incl VAT) | 517.4 | 522.2 | 516.3 | 520.0 | 503.2 | 498.9 | 347.7 |
Euro Price for the Most Recent Week (€/KG Deadweight excl. VAT)
| Country & Type | 2019 | 05.12.2020 | 04.12.2021 |
| EU + Y Bulls | Figures | € 3.58 | € 4.42 |
| IE + Steers | Not | € 3.72 | € 4.22 |
| UK + Steers | Available | € 4.18 | € 4.86 |
Live Exports W/C 15.11.2021
Sheep Update
IFA Sheep Chairman Sean Dennehy said lamb prices have remained steady this week.
He said prices of €7.40/kg for lamb are available, with deals to 23kgs. Better deals are available for larger lots and groups. Cull ewes are making €3.10 to €3.55/kg.
He said farmers should sell hard in a strong market, while moving lambs as they become fit.
“Factory attempts to pull prices in recent weeks was met by strong resistance from farmers across the country” he said.
While throughput increased last week, prices held firm indicating strong market demand coming up to the festive period.
He said mart trade is strong at the moment particularly for cull ewes.
Lamb Price Update 16/12/21
Lamb €7.20/7.40/kg. Higher deals groups/larger lots. Weights to 23kgs. Ewes €3.10/3.55/kg. Sell hard.
Supply Figures as Reported by DAFM – Week 49 (06.12.2021)
| Animal | Figure | Change | YTD | |
| Lambs/Hoggets | 36 | ▼-21 | 698048 | ▼-93,775 |
| Spring Lambs | 53631 | ▲7,729 | 1540720 | ▲5,399 |
| Ewes and Rams | 5762 | ▼-432 | 339878 | ▼-25,551 |
| Light Lambs | 3 | ▲3 | 132 | ▲68 |
| TOTAL | 59432 | ▲7,279 | 2578778 | ▼-113,859 |
Official Irish Prices as Reported by DAFM – Week 49 (06.12.2021)
| c/kg (Incl. VAT) | WK 49 | Change prev wk | 2020 | Changeprev yr |
| National Avg Price | 709.23 | ▲9 | 525.78 | ▲183 |
| YTD Avg | 662.08 | ▲1 | 518.18 | ▲144 |
Official GB Prices as Reported by AHDB
| R3L | Overall SQQ* | Type of lamb | |
| 04.12.2021 | 619.5 | 618.6 | New season |
| 11.12.2021 | 633.1 | 631.8 | New season |
| Change | ▲14 | ▲13 | |
| Price in c/kg (Incl VAT) | 786.5 | 784.9 |
Total Live Sheep Exports 12/10/2021
