Irish Sheep Trade & Prices Update

Read full article

Quotes

Base quotes from the major processors have been falling for a number of weeks, however the week ending 22nd of March saw quotes increase, with €8.70/kg – €8.80/kg for well finished lambs (+QA bonus) on offer. Sellers trading at the higher end of the market are securing €9.10/kg to €9.20/kg also having more success in negotiating higher carcass weight allowances up to 23.5kg.

Relatively tight lamb supplies combined with some stability in demand from the domestic and export markets have contributed to this firming of the trade all of 2024.

Tighter lamb supplies are also a feature in other key lamb producing regions of Europe and the UK with the latest Eurostat figures indicating a contraction in breeding flock numbers in many regions.

The Irish ewe flock contracted by 3.7 per cent in the December 2023 census versus December 2022 levels. This decline in the ewe flock of 107,000 head is one factor contributing to the tightness in supplies.

Prices

Reported deadweight price for week ending the 22nd  of March decreased by €0.10/kg to €8.47/kg, reflective of the continuing second week consecutive price drops recorded in average prices from the major lamb processors. In the corresponding week in 2024 the reported deadweight price was €8.50/kg.

The deadweight trade has slightly improved across the UK regions for week ending 8th of March. Reported lamb prices in mainland GB were the equivalent of €8.79/kg  last week (+4c/kg) in Northern Ireland there was a larger decrease in the trade to be €8.06/kg (-30c/kg). Week ending 15th and 22nd of March NI and GB prices are not yet published.

Southern Hemisphere prices remain well below European prices however they have improved significantly over the last few weeks, narrowing the price differential with the EU. With a lead time on product shipments this recent improvement in deadweight prices should impact their competitiveness on EU markets in the medium to  longer term.

Prices this week took a slight fall and are at €4.48/kg and €4.48/kg for Australia and New Zealand.

Throughput

There was a decrease in the total sheep kill in DAFM approved plants last week to 37,117 head, compared to 53,922 the same week in 2024.

Tighter supplies has been a feature of the 2025 lamb season to date with a smaller lamb crop and a difficult lambing impacting lamb availability for processing. Total TYD slaughter is down 22% on 2024 to total 479,860 head.

Bord Bia

Read full article Share on X

Stay in touch

Keep up to date with the latest news, products and special offers.

loading Please wait, we are processing your request.
Thank you, you're now subscribed!
Whatsapp Help