Beef News
The drop in beef price over the past few months is reflective of consumers buying less meat for...
Beef
Pulling prices is "unwarranted and unacceptable" when there is no market justification, said ICMSA's livestock chair Des Morrison.
While all cattle prices have been increasing over the past few weeks, one of the most impressive performers on beef price has been cows.
In this week's factory quotes, in-spec heifers with a carcass weight of between 300 and 400kg are...
Factory quotes for the second week of 2022 are in a relativley good position from a beef farmers' perspective...
The total number of beef cattle processed at DAFM-approved factories in 2021 has fallen by over 90,000 head (including veal).
Factory beef processors are extremely reluctant to move base price forward and are - generally...
Beef Technical
Last week's overall beef kill witnessed a slight dip in the number of cattle processed when compared to the previous week's kill.
Sheep
There has been no major change in the quotes being offered by sheep processing facilities, with prices holding firm for the time being.
Top weight lambs are now securing returns to the farmer of €110/head - including Quality Assurance bonuses.
Momentum in spring lamb factory quotes appears to be building, albeit gradually, with some processors upping their offerings again this week.
More life has entered the sheep trade in recent days, with some processors opting to increase quotes for lambs by 5c/kg.
The spring lamb trade appears to be holding steady, as many factory quotes remain unchanged compared to last week.
More bite appears to be entering the spring lamb trade and deals are beginning to be done at higher prices.
A considerable tightening in spring lamb supplies has forced factory buyers to work that bit harder to secure numbers this week.
For another week, the spring lamb trade continues to remain difficult and processors are slow to let their grasp on the market ease.
As has been the case for the previous few weeks, spring lamb base quotes continue to remain under pressure in plants across the country.
Lamb buyers are continuing their quest to push down spring lamb quotes; they're beginning negotiations with farmers at 450-465c/kg.
The spring lamb market has continued to remain stable; factory buyers are offering base quotes from 460c/kg up to 470c/kg for spring lambs.
The spring lamb trade has steadied somewhat as base quotes have stabilised. As of yesterday, procurement managers were offering base quotes of 460-470c/kg
The number of cattle processed in approved beef exporting plants jumped by 1,381 head during the week ending August 26.
Although prices of 500-505c/kg were widely available last week, many processors have moved to lower spring lamb base quotes by 10c/kg.
As mentioned last week, the demand for spring lamb is set to intensify with the onset of the Muslim festival of Eid al-Adha.
