Irish Beef & Livestock Market Update & Outlook · Irish Beef & Livestock Market Update & Outlook...

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Growing the success of Irish food & horticulture AIDAN COTTER CHIEF EXECUTIVE BORD BIA 28 JANUARY 2009 Growing the success of Irish food & horticulture MICA Annual Conference Florida 09 th October 2018 Irish Beef & Livestock Market Update & Outlook Henry Horkan

Transcript of Irish Beef & Livestock Market Update & Outlook · Irish Beef & Livestock Market Update & Outlook...

Page 1: Irish Beef & Livestock Market Update & Outlook · Irish Beef & Livestock Market Update & Outlook Henry Horkan. ... Mission Statement To drive, through market insight, and in partnership

Growing the success of Irish food & horticulture

AIDAN COTTER

CHIEF EXECUTIVE

BORD BIA

28 JANUARY 2009

Growing the success of Irish food & horticulture

MICA Annual Conference

Florida

09th October 2018

Irish Beef & Livestock

Market Update & Outlook

Henry Horkan

Page 2: Irish Beef & Livestock Market Update & Outlook · Irish Beef & Livestock Market Update & Outlook Henry Horkan. ... Mission Statement To drive, through market insight, and in partnership

Growing the success of Irish food & horticulture

Mission Statement

To drive, through market insight, and

in partnership with industry, the commercial success of a world-class food, drink and horticulture industry.

Page 3: Irish Beef & Livestock Market Update & Outlook · Irish Beef & Livestock Market Update & Outlook Henry Horkan. ... Mission Statement To drive, through market insight, and in partnership

Growing the success of Irish food & horticulture

Page 4: Irish Beef & Livestock Market Update & Outlook · Irish Beef & Livestock Market Update & Outlook Henry Horkan. ... Mission Statement To drive, through market insight, and in partnership

Growing the success of Irish food & horticulture

Page 5: Irish Beef & Livestock Market Update & Outlook · Irish Beef & Livestock Market Update & Outlook Henry Horkan. ... Mission Statement To drive, through market insight, and in partnership

Growing the success of Irish food & horticulture

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

2018

2017

Irish weekly finished cattle supplies (head)

YTD 2018: +3.6% / 45,000 additional cattle

Page 6: Irish Beef & Livestock Market Update & Outlook · Irish Beef & Livestock Market Update & Outlook Henry Horkan. ... Mission Statement To drive, through market insight, and in partnership

Growing the success of Irish food & horticulture

National Cattle Herd (2008 – 2018)

0

200

400

600

800

1,000

1,200

1,400 Dairy Cows

Suckler Cows

Page 7: Irish Beef & Livestock Market Update & Outlook · Irish Beef & Livestock Market Update & Outlook Henry Horkan. ... Mission Statement To drive, through market insight, and in partnership

Growing the success of Irish food & horticulture

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2,000,000

2,200,000

Total Dairy Suckler

2017 2018

-33,000

+40,000

+7,000

Calf Registrations 0.3% higher / +7,000 hd to Sept

Source – ICBF / AIM

Page 8: Irish Beef & Livestock Market Update & Outlook · Irish Beef & Livestock Market Update & Outlook Henry Horkan. ... Mission Statement To drive, through market insight, and in partnership

Growing the success of Irish food & horticulture

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

FR LM CH AA HE SIM BB

2017 2018

+5%

+3%

Calf Registrations by Breed Jan - Jun 2018 vs ‘17

Source - AIM

+3%

-5%

-14%

-3%

+6%

Page 9: Irish Beef & Livestock Market Update & Outlook · Irish Beef & Livestock Market Update & Outlook Henry Horkan. ... Mission Statement To drive, through market insight, and in partnership

Growing the success of Irish food & horticulture

0

200,000

400,000

600,000

800,000

1,000,000

0-12 12-24 24-36

2017 2018

Male Cattle Numbers by Age Category on 1st of August

+2,000

-8,500

-45,000 Source: AIM

Page 10: Irish Beef & Livestock Market Update & Outlook · Irish Beef & Livestock Market Update & Outlook Henry Horkan. ... Mission Statement To drive, through market insight, and in partnership

Growing the success of Irish food & horticulture

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

0-12 12-24 24-36

2017 2018

Female Beef Cattle No.s by Age Category on 1st of August

Source: AIM

+500

+25,000-26,000

Page 11: Irish Beef & Livestock Market Update & Outlook · Irish Beef & Livestock Market Update & Outlook Henry Horkan. ... Mission Statement To drive, through market insight, and in partnership

Growing the success of Irish food & horticulture

W/e. 22/09: Irish R3 steer €3.69 vs. UK R3 steer €4.21, Continental EU R3 YB €3.74

In Italy, R3 young bull price: €3.62/kg, Spain: €3.78, France: €3.68, Germany €3.84

250

300

350

400

450UK R3 Steer

Ireland R3 Steer

Continental EuropeanR3 Young Bull

Producer Prices: Ireland vs. UK & Continental EU(c/kg excl VAT)

Page 12: Irish Beef & Livestock Market Update & Outlook · Irish Beef & Livestock Market Update & Outlook Henry Horkan. ... Mission Statement To drive, through market insight, and in partnership

Growing the success of Irish food & horticulture

(head) 2017 2018 % change

Total

NI

GB

Italy

Spain

Netherlands

Belgium

Other EU

Turkey

Other int. mkt.s

158,808

20,356

4,336

16,537

47,606

41,405

5,475

3,910

16,878

2,305

206,922

13,985

4,093

20,283

76,754

47,349

13,432

13,035

12,870

5,121

+30%

-31%

-6%

+23%

+61%

+14%

+145%

+233%

-24%

+122%

Live Cattle Exports 2018Distribution of Live Exports from Ireland up to w/e. 22nd Sept.

Page 13: Irish Beef & Livestock Market Update & Outlook · Irish Beef & Livestock Market Update & Outlook Henry Horkan. ... Mission Statement To drive, through market insight, and in partnership

Growing the success of Irish food & horticulture

UK: 283,000T 51%

CONT. EU: 240,000T 43%

INTERNATIONAL: 34,000T 6%

Irish Beef

Exports 2017

2.5 Billion

+5%

557,000T

(cwe)

+4%

Page 14: Irish Beef & Livestock Market Update & Outlook · Irish Beef & Livestock Market Update & Outlook Henry Horkan. ... Mission Statement To drive, through market insight, and in partnership

Growing the success of Irish food & horticulture

8 Irish Beef Marketing Claims

USDA Process Verified Program

• Raised without use of growth hormones

• Responsible use of antibiotics / Antibiotic use is restricted

& never used as a growth hormone

• More than 80% grass fed diet

• At pasture for up to 8 months per year

• Raised on family farms

• Full farm to fork traceability

• From quality assured farms and processing systems

• From Farms participating in Origin Green Sustainability

scheme

Page 15: Irish Beef & Livestock Market Update & Outlook · Irish Beef & Livestock Market Update & Outlook Henry Horkan. ... Mission Statement To drive, through market insight, and in partnership

Growing the success of Irish food & horticulture

Page 16: Irish Beef & Livestock Market Update & Outlook · Irish Beef & Livestock Market Update & Outlook Henry Horkan. ... Mission Statement To drive, through market insight, and in partnership

Growing the success of Irish food & horticulture

AIDAN COTTER

CHIEF EXECUTIVE

BORD BIA

28 JANUARY 2009

Growing the success of Irish food & horticulture

October 2018

Thank You!

Henry Horkan