Organic Mart Prices
Drumshanbo Mart in Co. Leitrim hosted the first organic cattle sale of the year last Saturday, which saw a clearance of over 70 organic cattle commanding high prices.
This sale presented a much more positive outcome compared to the last GVM Kilmallock sale in Co. Limerick last November, where heifers trailed conventional prices. You can read the last organic price report here.
There were plenty of buyers ringside, accompanied by lots of action from online bidders, which contributed to a high clearance rate.
The sale opened with bullocks, which commanded high prices on the day, led by strong demand from the ring and online as prices rose above the €3/kg mark across all weight categories.
Bullocks weighing between 300kg and 400kg fetched an average price of €3.38/kg or €1,139 per head across AAX and LMX breeds.
There was also a strong appetite for organic heifers, which also averaged well over €3/kg. The top price went to an AA heifer at €3.56/kg or €1,760, weighing 495kg.
Prices also soared for weanling bulls and heifers, averaging between €3.20kg and €3.40/kg across all weights.
Weanling heifer prices held steady, averaging between €2.60/kg and €3.00/kg.
Drumshanbo has now set the scene for organic prices, but whether they will remain at these premium price levels remains to be seen, given that organic prices often fell below those of conventional prices last year.
Organic beef factory prices also continue to maintain a base premium of 13% to 15% over average conventional rates at the factory level, based on Good Herdsmen’s pricing template for January to June 2024, aligning with our previous organic mart price report.