Beef prices for prime cattle are reaching close to €4.40/kg in Northern Ireland as trade continues its upward trend.
Factory prices for prime cattle, cull cows and lambs are continuing to rise week-on-week in Northern Ireland.
The Ulster Farmers’ Union (UFU) is encouraging members to explore all avenues before selling stock.
Lamb prices in Northern Ireland
Lambs are making approximately £5.30/kg. However, deals of £5.40/kg and above have been noted as factories are actively sourcing to meet market demands.
Live market trade is very strong for prime cattle and cull cows as well as lambs. The union says that “several” processors in the Republic of Ireland (ROI) are purchasing lambs weighing up to 23kg.
Lamb prices in Great Britain (GB) have also been improving.
UFU beef and lamb chairman, Sam Chesney, said, “Local trade has been positive for several reasons.”
“A number of GB sheep processors are having difficulties exporting sheep meat to mainland Europe, but this is expected to be straightened out in the coming weeks.”
“Our advice to farmers is to sell lambs when they are in prime condition. A market spec of 21/22kgs is ideal with a fat class three to gain the most from the market.”
Beef trade in Northern Ireland
Prime cattle prices are starting in around £3.80/kg with deals up to £3.90 being sealed with regular customers, according to the UFU.
“Live market trade for heavy and well-fleshed steers and butcher-type heifers, is in high demand at the moment. Beef producers should sell their cattle to market specification to gain the best returns.”
“Retail demand and tight supplies are two of the main reasons for the increased beef demand and this is happening in ROI too. Our beef farmers need to make this work to their advantage.” Chesney concluded.
