Having got off to a strong start due to low supply, in early January cattle prices increased to levels not seen since 2012 and 2013.

Throughput has increased in recent weeks, but numbers on offer still remain slightly lower than the same time last year. This, combined with an improved beef trade, is said to be driving prices.

However, with beef prices steadying and throughput still increasing, prices may ease slightly in coming days.

In the past week, store bullock and weanling bull prices have steadied. There are widespread reports of strong finisher and feedlot activity for store cattle in many areas.

The average 550kg bullock is currently making €2.10/kg, some €40-€50 more than the same time last year. Demand for heifers remains brisk. The typical 550kg heifer is currently making from €2.20/kg to €2.40/kg on average, similar to prices in spring 2013.

The weanling trade is much improved also. The average 350kg weanling bull is currently making €2.30/kg to €2.50/kg, prices not seen since 2012. Weanling heifers in the same category are selling from €2.40/kg to €2.60/kg for average-quality types.

There has been increased demand for in-calf continental heifers and cows in the past few months also, driven by improving cull values and farmer optimism.

For more details, turn to MartWatch p56, and on page 10 of the suckler supplement we feature a special in-calf suckler sale at Tullamore mart.