Beef Update
IFA Livestock Chairman Brendan Golden said “The prime export benchmark price, which reflects the strength of the market conditions in our key beef markets has now passed the Irish price by 2c/kg to rest at €4.12/kg, compared with the Irish price excluding VAT of €4.10/kg”. He said “Cattle numbers are tight and will remain tight for the year bolstered by strong live exports of forward store and slaughter fit cattle to Northern Ireland to date this year”. Brendan Golden said that demand is strong and beef price must push on to maximise returns to farmers from very favourable market conditions”.
Beef Price Update 23/09/2021
Steer Base €4.20/4.30kg. Heifers €4.25/4.35kg. Higher deals larger lots. Y Bulls R/U €4.15/4.30Kg. Cows €3.60/4.00kg.
Supply Figures as Reported by DAFM – Week 37 (13.09.2021)
| Animal | Number | Change prev. wk. | % of total | YTD | YTD Change |
| Y Bulls | 1,484 | ▼-147 | 4% | 93,891 | ▼-13,080 |
| Bull | 614 | ▼-2 | 2% | 19,817 | ▼-4,637 |
| Steer | 17,610 | ▲333 | 49% | 465,935 | ▼-12,366 |
| Cow | 6,234 | ▲700 | 17% | 244,177 | ▼-7,262 |
| Heifer | 9,918 | ▲750 | 28% | 333,790 | ▼-32,012 |
| Veal-V | 49 | ▲36 | 0% | 20,739 | ▼-5,805 |
| Veal-Z | 23 | ▲11 | 0% | 1,176 | ▲66 |
| Total | 35,932 | ▲1,681 | 100% | 1,179,525 | ▼-75,096 |
Official Irish Prices as Reported by DAFM – Week 37 (13.09.2021)
| c/kg (Incl. VAT) | U3 | Change prev wk | R3 | Changeprev wk | O3 | Changeprev wk | P+3 | Changeprev wk |
| Steers | 452 | ▲1 | 440 | ▲0 | 423 | ▲1 | 394 | ▲2 |
| Heifers | 457 | ▲0 | 445 | ▲1 | 433 | ▲3 | 391 | ▲2 |
| Y Bulls | 434 | ▲0 | 421 | ▼-2 | 408 | ▼-2 | 404 | ▲0 |
| Cows | 0 | ▲0 | 396 | ▲4 | 371 | ▲0 | 358 | ▲0 |
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 |
| 11.09.2021 | 417.6 | 420.9 | 418.2 | 420.9 | 410 | 407.4 | 307.8 |
| 18.09.2021 | 417.1 | 420.6 | 411.3 | 417.7 | 420.2 | 410.4 | 409.4 |
| Change | ▼-1 | ▼-0 | ▼-1 | ▼-1 | ▼-1 | ▼-2 | ▼-1 |
| Price in c/kg (Incl VAT) | 512.2 | 516.5 | 512.9 | 516.0 | 502.7 | 498.2 | 376.7 |
Euro Price for the Most Recent Week (€/KG Deadweight excl. VAT)
| Country & Type | 21.09.2019 | 19.09.2020 | 18.09.2021 |
| EU + Y Bulls | € 3.52 | € 3.51 | € 3.99 |
| IE + Steers | € 3.42 | € 3.63 | € 4.17 |
| UK + Steers | € 3.70 | € 4.06 | € 4.84 |
Live Exports W/C 13.09.2021
Sheep Update
IFA Sheep Chairman Sean Dennehy said supplies of lambs are extremely tight this week, swinging control back in farmers’ favour. He said factories are struggling to secure lambs. Agents are very active in mart sales in attempts to secure supplies. Sean Dennehy said factories are freely paying €6.30/kg to 21.5kgs, with higher deals on price and weights offered to close out deals. “Farmers should sell hard in very strong market conditions to maintain control of the trade,” he said. He said farmers should only sell lambs to factories as they become fit. The very strong store trade is ensuring alternatives for lighter and under finished lambs and it’s keeping the supply-demand balance in favour of farmers. Sean Dennehy said based on all projections, there won’t be an oversupply of lamb for the year and orderly marketing is critical to maximise returns.
Lamb Price Update 23/09/2021
Lamb €6.10/6.35kg. Higher deals groups and larger lots. Sell Hard. Ewes €3.00/3.30kg.
Supply Figures as Reported by DAFM – Week 37 (13.09.2021)
| Animal | Figure | Change | YTD | YTD Change |
| Lambs/Hoggets | 97 | ▲25 | 696,743 | ▼-91,287 |
| Spring Lambs | 52,388 | ▼-3,056 | 958,081 | ▲3,908 |
| Ewes and Rams | 9,498 | ▲817 | 242,559 | ▼-13,813 |
| Light Lambs | 0 | ▼-117 | 117 | ▲64 |
| TOTAL | 61,983 | ▼-2,214 | 1,897,500 | ▼-101,128 |
Official Irish Prices as Reported by DAFM – Week 37 (13.09.2021)
| c/kg (Incl. VAT) | WK 37 | Change prev wk | 2020 | Change prev yr |
| National Avg Price | 607.04 | ▲0 | 505.86 | ▲101 |
| YTD Avg | 666.70 | ▲0 | 523.49 | ▲143 |
Official GB Prices as Reported by AHDB
| R3L | Overall SQQ* | Type of lamb | |
| 11/09/2021 | 525.6 | 526.9 | New season |
| 18/09/2021 | 508.4 | 508.4 | New season |
| Change | ▼-17 | ▼-19 | |
| Price in c/kg (Incl VAT) | 624.3 | 624.3 |
