Beef Update
IFA Livestock Chairman Brendan Golden said the beef trade has steadied this week with some signs of strengthening.
He said supplies of finished cattle are tight and demand in our key export markets is good, factories are anxious for cattle and paying 10c to 20c/kg above quotes to close out deals.
Brendan Golden said 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 €4.40-4.90kg with higher prices for larger and specialist lots.
He said prices in marts for finished and forward store cattle are strong providing a real competitive alternative to factories and farmers should weigh up their options before selling.
Beef Price Update 21/07/2022
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 €4.40/4.90kg.
Supply Figures as Reported by DAFM – WK 28 (17.07.2022)
| Animal | Number | Change prev wk | % of total | YTD | YTD Change |
| Y Bulls | 2,655 | ▼-94 | 8% | 83,398 | ▲3,553 |
| Bull | 655 | ▲68 | 2% | 15,456 | ▲1,246 |
| Steer | 13,085 | ▲322 | 40% | 343,415 | ▲26,463 |
| Cow | 7,939 | ▼-6 | 24% | 221,461 | ▲33,682 |
| Heifer | 8,695 | ▼-304 | 26% | 271,041 | ▲16,622 |
| Veal-V | 3 | ▼-3 | 0% | 27,914 | ▲7,333 |
| Veal-Z | 12 | ▼-1 | 0% | 1,065 | ▲45 |
| Total | 33,044 | ▼-18 | 100% | 963,750 | ▲88,944 |
Official Irish Prices as Reported by DAFM – WK 28 (17.07.2022)
| c/kg(Incl. VAT) | U3 | Change prev wk | R3 | Changeprev wk | O3 | Change prev wk | P+3 | Change prev wk |
| Steers | 530 | ▼-9 | 520 | ▼-10 | 508 | ▼-7 | 470 | ▼-10 |
| Heifers | 539 | ▼-15 | 525 | ▼-9 | 515 | ▼-9 | 470 | ▼-5 |
| Y Bulls | 524 | ▼-10 | 512 | ▼-12 | 482 | ▼-14 | 469 | ▼-8 |
| Cows | 0 | ▲0 | 486 | ▼-5 | 465 | ▼-5 | 453 | ▼-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 |
| 09/07/2022 | 450.1 | 454 | 449.1 | 454.4 | 442.8 | 443.3 | 383.1 |
| 16/07/2022 | 447.3 | 452.9 | 441.2 | 446.6 | 452.0 | 439.9 | 440.4 |
| Change | ▼-3 | ▼-1 | ▼-3 | ▼-2 | ▼-2 | ▼-4 | ▼-5 |
| Price in c/kg (Incl VAT) | 555.7 | 562.7 | 554.8 | 561.5 | 547.1 | 546.0 | 470.2 |
Euro Price for the Most Recent Week (€/KG Deadweight excl. VAT)
| Country & Type | 13.06.2020 | 12.06.2021 | 11.06.2022 |
| EU + Y Bulls | € 3.50 | € 3.87 | € 4.87 |
| IE + Steers | € 3.61 | € 4.15 | € 5.32 |
| UK + Steers | € 4.05 | € 4.58 | € 5.26 |
Live Exports W/C 11.07.2021
Sheep Update
IFA Sheep Chairman Kevin Comiskey said supplies of lamb have tightened this week with increased demand for lambs from factories.
He said tight supplies of suitable lamb is evident on the ground with last week’s lamb kill back over 24,000 head from the previous week.
Market conditions for sheep meat are favourable.
Deals up to €7.20kg and above for lambs are being offered by factories and farmers are advised to resist the lower quotes on offer. He said the store lamb trade has kicked off strong in marts providing further competition for the limited supply of lambs available.
He said demand is strong and is expected to increase, and factories must ensure these positive market conditions are reflected in prices paid to farmers.
Lamb Price Update 21/07/2022
Lamb €6.90/7.10/kg. Higher deals groups/larger lots. Ewes €3.50/3.80/kg.
Supply Figures as Reported by DAFM – WK 28 (17.07.2022)
| Animal | Figure | Change | YTD | YTD Change |
| Lambs/Hoggets | 754 | ▼-1,128 | 892,753 | ▲197,941 |
| Spring Lambs | 44,660 | ▼-24,242 | 434,510 | ▼-63,079 |
| Ewes and Rams | 8,658 | ▲960 | 159,872 | ▼-321 |
| Light Lambs | 5 | ▲2 | 97 | ▼-8 |
| TOTAL | 54,077 | ▼-24,408 | 1,487,232 | ▲134,533 |
Official Irish Prices as Reported by DAFM – WK 28 (17.07.2022)
| c/kg (Incl. VAT) | WK 28 | Change prev wk | 2021 | Change prev yr |
| National Avg Price | 718.30 | ▼-19 | 633.17 | ▲85 |
| YTD Avg | 720.43 | ▼-0 | 683.86 | ▲37 |
Official GB Prices as Reported by AHDB
| R3L | Overall SQQ* | Type of lamb | |
| 09/07/2022 | 644.2 | 645.9 | New season |
| 09/07/2022 | 637.7 | 639.1 | New season |
| Change | ▼-7 | ▼-7 | |
| Price in c/kg(Incl VAT) | 792.2 | 794.0 |
Live Sheep Exports 18/07/2022
