Beef Update
IFA livestock chairman Brendan Golden said beef price rises in our key export markets and in particular the EU market are not being reflected in the prices factories are offering farmers.
He said while prices continue to creep up 5c/kg a week the price surge for young bulls on the continent and price increases in the UK are leaving our prices lagging behind the prime export benchmark price by over 30c/kg on the latest report.
The IFA livestock chairman said factories must reflect the buoyant market conditions for Irish beef in the UK and EU markets by closing the gap with the export benchmark price.
Beef Price Update 21/04/2022
Steer Base €4.80/4.95kg. Heifers €4.85/5.00kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €4.80/5.00Kg. Cows €4.20/4.75kg.
Supply Figures as Reported by DAFM – Week 15 (17.04.2022)
| Animal | Number | Change prev. wk. | % of total | YTD | YTD Change |
| Y Bulls | 1,914 | ▼-630 | 5% | 45,687 | ▲1,405 |
| Bull | 590 | ▼-64 | 2% | 7,845 | ▲1,271 |
| Steer | 13,502 | ▼-98 | 39% | 186,221 | ▲16,021 |
| Cow | 8,017 | ▼-747 | 23% | 113,981 | ▲21,000 |
| Heifer | 9,921 | ▼-1,049 | 28% | 155,244 | ▲11,206 |
| Veal-V | 1,003 | ▼-762 | 3% | 26,522 | ▲6,739 |
| Veal-Z | 47 | ▼-2 | 0% | 640 | ▲0 |
Official Irish Prices as Reported by DAFM – Week 15 (17.04.2022)
| c/kg (Incl. VAT) | U3 | Change prev wk | R3 | Change prev wk | O3 | Changeprev wk | P+3 | Changeprev wk |
| Steers | 518 | ▲3 | 508 | ▲4 | 497 | ▲4 | 467 | ▲4 |
| Heifers | 526 | ▲3 | 513 | ▲5 | 503 | ▲4 | 456 | ▲2 |
| Y Bulls | 502 | ▲1 | 491 | ▲1 | 471 | ▲4 | 458 | ▼-7 |
| Cows | 0 | ▲0 | 466 | ▲7 | 433 | ▲3 | 418 | ▲1 |
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 |
| 09.04.2022 | 439.2 | 440.1 | 440.4 | 441.1 | 434.2 | 433 | 372.5 |
| 16.04.2022 | 443.1 | 444.9 | 436.9 | 443.9 | 446.0 | 436.7 | 434.8 |
| Change | ▲4 | ▲5 | ▲4 | ▲5 | ▲1 | ▲3 | ▲2 |
| Price in c/kg (Incl VAT) | 557.0 | 559.3 | 558.0 | 560.7 | 546.6 | 548.1 | 471.2 |
Euro Price for the Most Recent Week (€/KG Deadweight excl. VAT)
| Country & Type | 11.04.2020 | 10.04.2021 | 09.04.2022 |
| EU + Y Bulls | € 3.44 | € 3.77 | € 5.17 |
| IE + Steers | € 3.45 | € 3.90 | € 4.78 |
| UK + Steers | € 3.79 | € 4.64 | € 5.19 |
Live Exports W/C 04.04.2021
Sheep Update
IFA Sheep committee chairman Kevin Comiskey said factory prices for hoggets and spring lamb are not reflecting the increased production costs on sheep farms.
He said prices are currently running up to 30c/kg below last year for hoggets and must push on. Prices in the UK and France have shown strong growth over the past few weeks reflecting market demand for sheep meat.
Kevin Comiskey said factories must come forward with significant price increases to reflect market conditions and the investment of sheep farmers in producing hoggets and spring lamb at this time of year.
Lamb Price Update 21/04/2022
Hogget €7.20/7.50/kg. Spr lamb €8.00/8.30/kg. Higher deals groups/larger lots. Ewes €3.80/4.00/kg.
Supply Figures as Reported by DAFM – Week 15 (17.04.2022)
| Animal | Figure | Change | YTD | |
| Lambs/Hoggets | 48683 | ▼-6,404 | 702902 | ▲105,596 |
| Spring Lambs | 4844 | ▲2,148 | 9904 | ▲772 |
| Ewes and Rams | 4759 | ▲564 | 75195 | ▼-2,907 |
| Light Lambs | 14 | ▲14 | 40 | ▼-50 |
| TOTAL | 58300 | ▼-3,678 | 788041 | ▲103,411 |
Official Irish Prices as Reported by DAFM – Week 15 (17.04.2022)
| c/kg (Incl. VAT) | WK 15 | Change prev wk | 2021 | Changeprev yr |
| National Avg Price | 729.74 | ▲0 | 779.25 | ▼-50 |
| YTD Avg | 690.74 | ▲3 | 661.67 | ▲29 |
Official GB Prices as Reported by AHDB
| R3L | Overall SQQ* | Type of lamb | |
| 09.04.2022 | 595.8 | 592.9 | Old season |
| 19.03.2022 | 600.6 | 595.4 | Old season |
| Change | ▲5 | ▲3 | |
| Price in c/kg (Incl VAT) | 755.0 | 748.5 |
Live Sheep Exports 2021
