Dairy Prices Surge at Corrin Mart Due to Strong Domestic Demand

The recent dairy sale at Corrin Mart in Fermoy, Co. Cork, showcased a significant surge in dairy cattle prices, reflecting robust domestic demand. A total of 100-head dairy sale took place, including 64 from a local clearance sale. The highlight of the event was a four-year-old cow fetching an impressive €3,600, boasting an Economic Breeding Index (EBI) of €167 and weighing 645kg.

Average prices for the day surpassed €2,600, with numerous animals selling for more than €3,000. According to Sean Leahy, the manager of Corrin Mart, calved cows are currently fetching higher prices than those in calf, as buyers prefer animals ready for milking. He emphasized that domestic trade is a key factor in driving these prices, with many buyers inquiring about animals' 30-day TB test results before purchase.

Leahy expressed initial skepticism earlier in the year due to uncertain milk prices. However, with dairy stock becoming increasingly scarce, prices have remained strong. He even suggested that prices could potentially strengthen further.

Among the top prices achieved were €3,540 for a three-year-old cow with an EBI of €204 and weighing 585kg, €3,500 for another three-year-old cow with an EBI of €134 and weighing 655kg, and €3,480 for a three-year-old cow with an EBI of €220 and weighing 525kg.

The calf trade also witnessed remarkable figures, with beef calves reaching up to €1,000 each. Friesian bull calves commanded prices between €200 and €400, significantly higher than the average price of €166 reported the previous year. During the week, a calf sale saw prices like €450 per head for two three-week-old Friesian bull calves weighing 63kg and €460 per head for two one-month-old Friesian heifer calves at 59kg.