Beef & Sheep Update 30th August

Beef Update

IFA National Livestock Chair Declan Hanrahan said the in-person training events announced by the Minister for Agriculture Charlie McConalogue for farmers in SCEP must be easily accessible to all farmers. Declan Hanrahan said suckler farmers in SCEP must have the training requirement of the scheme completed by 15th November 2024 to remain in the scheme. He said the on-line facility provided to date has not been easily accessible for a significant number of farmers which has been recognised by the Minister in his announcement earlier this year to also provide in person events for farmers to meet the training requirement. Declan Hanrahan has called on the Minister to announce the dates and venues for these events to ensure farmers have adequate time to arrange to attend these important events to remain compliant with the scheme requirements. The IFA National Livestock Chair said in organising the venues the Minister must be cognisant of the areas where the greatest needs are and all farmers must be provided with a number of venue options within close proximity to their location. He said it will not be acceptable for the Minister or his officials to expect farmers to undertake long journeys to attend these events.

Beef Price Update 30/08/2024

Base Quotes Steer €5.00/5.15kg. Heifers €5.05/5.20kg. Higher deals and flat prices for larger and specialist lots. Y Bulls R/U €5.10/5.30Kg. Cows €4.30/4.90kg.

Supply Figures as Reported by DAFM - WK 34 (25.08.2024)

Official Irish Prices as Reported by DAFM - WK 34 (25.08.2024)

Official GB Prices as Reported by AHDB

Euro Price for the Most Recent Week (€/KG Deadweight excl. VAT)

Country & Type	13.08.2022	12.08.2023	17.08.2024
EU + Y Bulls	€ 4.97	€ 4.78	€ 5.10
IE + Steers	€ 4.80	€ 4.66	€ 5.02
UK + Steers	€ 5.18	€ 5.33	€ 5.80

Live Exports W/C 19.08.2024

Sheep Update

IFA Sheep Chairman Adrian Gallagher said lamb prices remain steady but higher prices are becoming a lot easier to negotiate as number tighten. He said factories are offering deals up to €7.50kg and above to secure supplies. Factories are also offering deals on weights up to 22.5kg to tie down deals this week. The tightening of supplies is evident in the weekly kills with spring lamb throughput back over 78,000 head to date and overall throughput is running over 186,000 head behind the same period last year. Cull ewe prices are making between €4.00kg and €4.40kg. Adrian Gallagher said farmers should sell hard, consider the mart outlet and be mindful of the lower kill out weights when drafting lambs.

Lamb Price Update 30/08/2024

Spring Lamb €7.30kg/7.60kg. Weights to 22kg. Higher deals groups/larger lots. Ewes €4.00/4.40/kg.

Supply Figures as Reported by DAFM - WK 34 (25.08.2024)

Official Irish Prices as Reported by DAFM - WK 34 (25.08.2024)

Official GB Prices as Reported by AHDB

Live Sheep exports 30th June 2024

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