Beef prices continue to move upwards this week with base quotes around 340p/kg for U-3 cattle.
Quotes last week ranged from 330p/kg to 338p/kg with factories with lower prices catching up this week.
Reports suggest that low to mid 350’s/kg can be obtained for full loads of cattle and pricing around gets more. Best butcher type heifers are pushing towards 360p/kg.
ADVERTISEMENT
However factories are reluctant to give more than they have to with many producers only getting a couple of pence above base quotes.
Tight supplies of cattle to factories are driving prices with the total kill last week down 6% from the corresponding week in 2014 at 4,847. This makes it the lowest weekly kill of the year so far.
Imports of cattle over the border from ROI for direct salughter also increased last week to account for 9.3% of NI prime cattle kill. 449 head moving north last week was the highest weekly import since early May.
Exports of cattle to Britain last week was also the highest for the year to date at 145 head. Average steer price rose in GB by 5.3p/kg last week compared to a 9.9p/kg rise in NI, meaning a price differential of 13.1p/kg.
Continuing pressure on the euro, with €1 worth 70.9p, means beef here is a very strong price when compared with the rest of the meat market accross Europe.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Beef prices continue to move upwards this week with base quotes around 340p/kg for U-3 cattle.
Quotes last week ranged from 330p/kg to 338p/kg with factories with lower prices catching up this week.
Reports suggest that low to mid 350’s/kg can be obtained for full loads of cattle and pricing around gets more. Best butcher type heifers are pushing towards 360p/kg.
However factories are reluctant to give more than they have to with many producers only getting a couple of pence above base quotes.
Tight supplies of cattle to factories are driving prices with the total kill last week down 6% from the corresponding week in 2014 at 4,847. This makes it the lowest weekly kill of the year so far.
Imports of cattle over the border from ROI for direct salughter also increased last week to account for 9.3% of NI prime cattle kill. 449 head moving north last week was the highest weekly import since early May.
Exports of cattle to Britain last week was also the highest for the year to date at 145 head. Average steer price rose in GB by 5.3p/kg last week compared to a 9.9p/kg rise in NI, meaning a price differential of 13.1p/kg.
Continuing pressure on the euro, with €1 worth 70.9p, means beef here is a very strong price when compared with the rest of the meat market accross Europe.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS