Irish Beef Market Analysis

Live beef prices, dynamic trends, supply chain analysis, and profitability comparisons

Current Beef Prices

Steer (R3)

National Average

€4.85/kg
2.3% monthly
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Heifer (R3)

National Average

€5.10/kg
3.1% monthly
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Cow (P+3)

National Average

€4.65/kg
0.5% monthly
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Beef Price History (5 Years)

Monthly average prices per kilogram for R3 grade beef in Ireland

Beef Price History Chart
Source: Department of Agriculture, Food and the Marine

Supply Chain Breakdown (€/kg)

Stage
Value Added
Notes
Farmer (Steer)
€4.95
Factory base price
Processor
+€2.60
Processing, packaging, logistics
Retailer
+€3.45
Retail margin, VAT
Retail Price
€11.00
Average shelf price

Profitability Comparison

Metric
Beef
Dairy
Tillage
Hemp
Gross/Acre
€420
€1,150
€680
€1,820
Input Costs/Acre
€380
€920
€310
€240
Net Profit/Acre
€40
€230
€370
€1,580
Labor Hours/Acre
85
120
25
18
Based on Teagasc 2023 data and MH contracts

Beef vs Hemp Margin Calculator

Result will appear here
* Shows estimated net margin per animal vs. one acre of hemp fibre (2025 avg.)

Frequently Asked Questions

What factors affect beef prices in Ireland?

Irish beef prices are influenced by global market demand (especially from the UK and EU), production costs (feed, fertilizer, energy), weather conditions affecting grass growth, exchange rates (Euro/Sterling), and domestic processing capacity.

How does beef profitability compare to hemp?

While beef farming remains central to Irish agriculture, margins have tightened significantly in recent years. Hemp offers higher gross margins with lower input requirements and less labor. Many farmers are finding success by integrating hemp into their existing operations.

Can I raise beef cattle and grow hemp on the same farm?

Absolutely! Many of our partner farmers successfully combine livestock and hemp production. Hemp can be grown on marginal land not suitable for grazing, and the stalks make excellent bedding material. We provide full integration planning support.

Where can I sell my beef cattle?

The main outlets are local livestock marts, direct to processors (factories), or through producer groups. Unlike hemp which we purchase directly under contract, beef requires finding buyers each season.