FARMER-CONTROLLED GRASS-FED PGI AND SUCKLER-BASED BRANDS AGREED AT BEEF TASK FORCE
IFA President Tim Cullinan said that the PGI will be run by a farmer-controlled monitoring committee. A letter requesting inclusion of young bulls, if they meet the grass-fed criteria, will accompany the application and also deals with the eligibility of cattle exported to NI.
€6m in funding has been committed over the next three years to develop a suckler-based brand under the control of a farmer board.
The importance of building on the existing schemes to support suckler production and underpin the development of the brand was acknowledged by the Minister and the Taskforce.
Brendan Golden said, “This is a good outcome. The PGI will give us a chance to promote the world-renowned qualities of Irish beef while working on a brand for beef from suckler farms that promotes the quality, environmental and socio-economic benefits of this production system”.
BEEF MARKET UPDATE
Latest Beef Price Update 22nd October 2020:
Prices unchanged. Steers €3.60/3.65. Heifers €3.60/3.70. Y bulls €3.50/3.80. Cows €3.00/3.50/kg.
| Week 42 Slaughter Figures 12/10/2020 – 18/10/2020 |
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| Animal | Numbers | % of Total Kill | % Change from prev. Week |
| Steers | 17,613 | 47% | +2.1% |
| Heifers | 9,840 | 26% | +1.4% |
| Young Bulls | 1,487 | 4% | +3.9% |
| Cows | 8,155 | 22% | +10.4% |
| Total | 37,758 | +3.4% | |
| Year to Date Slaughter Figures | |||
| Numbers | Change from 2019 | ||
| TOTAL | 1,408,881 | +2.4% | |
Source: DAFM Weekly Beef Slaughter Figures
| Official Irish Prices | Official GB Prices | ||||||||
| Animal | Euro/Kg | Change from prev. week | Animal | GBP/Kg | Change from prev. week | Euro/Kg | |||
| R3 Steers | €3.79 | 0% | R3 Steers | £3.77 | 0.5% | €4.37 | |||
| R3 Heifers | €3.80 | -1% | R3 Heifers | £3.54 | -5.3% | €4.10 | |||
| Y Bulls | O | €3.42 | +0.3% | Y Bulls | O | £3.41 | -1.5% | €3.95 | |
| R | €3.62 | 0% | R | £3.70 | 0% | €4.29 | |||
| U | €3.75 | +0.3% | U | £3.71 | -0.5% | €4.30 | |||
| Cows | O | €3.08 | -1.0% | Cows | O | £2.77 | -0.4% | €3.21 | |
| R | €3.29 | -0.6% | R | £2.86 | -1% | €3.31 | |||
Source: DAFM Average Prices, AHDB Deadweight Cattle Price Report
Source: European Commission
Live Exports:
Source: Bord Bia
SHEEP MARKET UPDATE
Latest Lamb Price Update 23rd October 2020:
QA lambs getting €5.25-5.40/kg. Producer groups higher. Ewes €2.60-€2.80/kg. Numbers tightening significantly.
| Week 42 Slaughter Figures 05/10/2020 – 11/10/2020 | |||
| Animal | Numbers | % Change from prev. Week | % Change from same week 2019 |
| Sheep | 62,342 | -0.09% | -4.3% |
| Year to Date Slaughter Figures | |||
| Numbers | Change from 2019 | ||
| TOTAL | 2,308,223 | +5% | |
Source: DAFM Meat Market Report, AHDB GB Deadweight Sheep Prices
| Official Irish Prices | Official GB Prices | ||||
| Euro/Kg | % Change from same week in 2019 | GBP/Kg | Euro/Kg | ||
| Lamb | €4.91 | +21% | Lamb | £4.41 | €5.11 |
Source: DAFM Meat Market Report
Live Trade: Total live exports stood at 24,807 head to the 01 October 2020
Select and Sell: As always, the advice is to move lambs as they become fit.
