July lamb prices:
According to the Livestock and Meat Commission, lamb prices came “under pressure” across plants in Northern Ireland this week.
Quotes for R3 grade lambs ranged from 460-480p/kg up to 21kg. The LMC expects quotes to range from 465-470p/kg up to 21kg early next week.
July lamb prices
“The deadweight lamb price in NI last week was back just over 5p/kg from the previous week to 505.4p/kg.”
“In the same week in 2020, the NI deadweight lamb price was 466.6p/kg. In ROI last week, the deadweight lamb price was the equivalent of 540.4p/kg, up 9.3p/kg from the previous week.”
Throughput
Lamb throughput in local plants last week totalled 7,948 head well behind the previous week. However, this up 871 lambs when compared to the same week last year.
“Exports of lambs to ROI for direct slaughter last week totalled 6,886 head, an increase of 2,053 head from the previous week when 4,833 lambs were exported to ROI for direct slaughter compared to previous weeks.”
Beef prices Northern Ireland:
According to the Livestock and Meat Commission (LMC), beef prices rose across plants in Northern Ireland this week.
It reported that base quotes for in spec U-3 grade steers and heifers ranged from 384-394p/kg across local plants.
The cow trade has also continued to remain steady this week, with quotes for good quality O+3s ranging from 275-302p/kg.
July beef prices:
“The NI deadweight trade for prime cattle last week remained strong with increases across many grades.”
Firstly, the average steer price was 393.5p/kg, up a penny from the previous week. However, the R3 steer price was back just over a penny to 401.1p/kg.
Meanwhile, the average heifer price in NI last week was up by 1.6p/kg to 396.1p/kg. On the other hand, the R3 heifer price decreased by 0.4p/kg to 402.3p/kg.
The average young bull price in NI last week increased by 3.5p/kg to 386.7p/kg, with the R3 young bull price up by 1.5p/kg to 394.3p/kg.
The cow trade in NI reported a “strong increase” in the average cow price up by almost 7p/kg from the previous week to 300p/kg. The O3 cow price was up by 0.6p/kg to 315.2p/kg.
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