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Beef

A total of 38,838 cattle were processed during the week ended 9th November 2019, which was a slight decrease of 1,200 on the throughput figure for the same period in 2018.

Up to the week ending 9th November, a total of 1,495,783 cattle have been sent for processing this year. This figure is still running behind the figure for the same period 12 months ago by 4%. This equates to 58,750 less cattle in the throughput figure for 2019. Steer throughput for 2019 is lagging behind the 2018 figure by 9%, (-47,456). Cull cow throughput is also down on last year, with some 45,094 less cull cows going to Irish factories.
Heifer supplies however is up 4% on 2018, while the young bull throughput figure continues to run 6% above the figure for the same time period in 2018. (+8,725)

Base prices being offered this wet have not changed on last week, with quotes of €3.45-3.50/kg for steers and €3.50/kg - €3.55/kg for heifers. These prices are exclusive of the various “in-spec” bonuses. This price represents a 23 c/kg decrease on the same week last year.

Cow prices have remained unchanged on last week, with P grade cows getting quotes of €2.50-€2.65/kg, whilst O grade cows are receiving quotes of €2.70-€2.80/kg.

The average price paid for R3 steers for week ending 9th November 2019, as recorded by the Department of Agriculture, Food and the Marine, stood at €3.43/kg for R3 steers, and €3.52/kg for R3 heifers. Note that these prices were VAT exclusive.

Prices for cattle quoted in Britain held for the week ended 9th November, with prices of £3.33/kg being quoted for R3 steers and heifers. This results in a price of €3.86/kg excluding VAT. UK prices are being boosted in euro terms by the strengthening in sterling, with the euro now worth 86p sterling compared to 90p four weeks ago. EU average R3 young bull prices averaged €3.58/kg excluding VAT, which is 15c/kg ahead of Irish R3 steer prices.

Live Exports:

Live export figures for the week ending 3rd November, (week 44) were above the week previous, with 4,483 animals being shipped. On a year to date basis, a total of 273,254 beef animals have been sent for live export. This represents a 21% increase in exports compared to the same period 12 months ago, (+44,509 head). Calves have represented over 70% of these shipments, with Spain and the Netherlands importing 64% of all Irish live exports.

Export destinations for the past week were as follows: Italy, (186), Greece,(67), Spain, (320), Northern Ireland, (907), Romania, (42), England, (87), Scotland, (9), Wales, (41), Netherlands, (45) and Turkey, (2821)

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