Prices are currently running 15c/kg to 25c/kg higher for good-quality weanlings with increasing beef prices, progress on the €50m beef fund and Turkish demand all having the potential to boost demand.
The mart trade is currently performing well ahead of 2019 levels with factory agents and northern buyers active for stock.
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The trade for autumn-born weanlings is well ahead of 2019.
Prices for quality continental bull and heifer weanlings are running 15c/kg to 25c/kg higher on average or from €50 to €90 higher on a 350kg weanling.
Increased confidence has store cattle prices running anywhere from 8c/kg to 15c/kg higher. This equates to a €40 to €75 higher return on a 500kg bullock or heifer.
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While beef prices are running just 5c/kg ahead of the same period in 2019, there is strong demand among factory agents, pushing steer and heifer base quotes to €3.70/kg to €3.75/kg. There is also a far greater appetite for bulls and cattle previously deemed out-of-spec.
Northern buyers, the imminent €50m beef fund and firm interest from Turkish buyers are all resulting in solid trade.
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Title: Weanling prices increase by 15c/kg to 25c/kg
Prices are currently running 15c/kg to 25c/kg higher for good-quality weanlings with increasing beef prices, progress on the €50m beef fund and Turkish demand all having the potential to boost demand.
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The trade for autumn-born weanlings is well ahead of 2019.
Prices for quality continental bull and heifer weanlings are running 15c/kg to 25c/kg higher on average or from €50 to €90 higher on a 350kg weanling.
Increased confidence has store cattle prices running anywhere from 8c/kg to 15c/kg higher. This equates to a €40 to €75 higher return on a 500kg bullock or heifer.
While beef prices are running just 5c/kg ahead of the same period in 2019, there is strong demand among factory agents, pushing steer and heifer base quotes to €3.70/kg to €3.75/kg. There is also a far greater appetite for bulls and cattle previously deemed out-of-spec.
Northern buyers, the imminent €50m beef fund and firm interest from Turkish buyers are all resulting in solid trade.
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