Base prices at the start of this week are mainly being reported at a base of €3.85/kg for steers and €3.95/kg for heifers. Small numbers of cattle have being traded at a higher base of €3.90/kg and €4.00/kg for steers and heifers respectively, but reports suggest these deals are diminishing in frequency. Some plants are trying to talk the trade for later in the week down 5c/kg lower but to date, most sellers are resisting the pressure and holding out for the general base price.
The cow trade appears to have steadied somewhat though a large price differential remains between what plants are willing to pay. P+3 grading cows are trading anywhere from €2.80/kg in plants not active in the cow trade to €3.00/kg paid at the higher end of the market to specialist and large scale cow finishers. A similar situation is evident for other grades with O’s selling from €2.90/kg to a top of €3.05/kg to €3.10/kg, R’s to €3.25/kg to €3.30/kg and U grades 5c/kg to 10c/kg higher.
Bulls steady
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The bull kill is likely to have repeated the previous week’s fall-off in throughput with normal finishing periods between seasons. Prices are largely unchanged with U grades trading from €3.80/kg to €3.90/kg, R grades from €3.75/kg where traded in very small numbers or out-of-spec and to €3.85/kg at the higher end of the market. This excludes producer bonuses paid to some finishers with supply arrangements. Friesian bulls are selling from €3.65/kg for poorly conformed O-/O= bulls while batched of O=/+ bulls are selling 10c/kg to 15c/kg higher. Young bulls trading on the grid are moving in the main at a base of €3.85/kg. This excludes the 12c/kg quality assurance bonus.
NI & British trade
British prices continue their gradual rise on the back of tight supplies and favourable exchange rates helping the market. R4L steers and heifers have gained another 2p/kg to 3p/kg and are heading towards £3.44/kg to £3.45/kg. The sterling to euro exchange rate continue to fluctuate between 83p and 85p, standing today at 84p. This leaves British R4L prices at the equivalent of €4.30/kg including VAT.
Turkish deadline
Today (Monday) is the deadline for tenders for live exports to the Turkish market. Interest following last week’s announcement is reported as strong but internal unrest following a military coup at the weekend is said to be complicating normal proceedings. As such it is likely to take a while before the number of tenders submitted and interest in the market is known.
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Base prices at the start of this week are mainly being reported at a base of €3.85/kg for steers and €3.95/kg for heifers. Small numbers of cattle have being traded at a higher base of €3.90/kg and €4.00/kg for steers and heifers respectively, but reports suggest these deals are diminishing in frequency. Some plants are trying to talk the trade for later in the week down 5c/kg lower but to date, most sellers are resisting the pressure and holding out for the general base price.
The cow trade appears to have steadied somewhat though a large price differential remains between what plants are willing to pay. P+3 grading cows are trading anywhere from €2.80/kg in plants not active in the cow trade to €3.00/kg paid at the higher end of the market to specialist and large scale cow finishers. A similar situation is evident for other grades with O’s selling from €2.90/kg to a top of €3.05/kg to €3.10/kg, R’s to €3.25/kg to €3.30/kg and U grades 5c/kg to 10c/kg higher.
Bulls steady
The bull kill is likely to have repeated the previous week’s fall-off in throughput with normal finishing periods between seasons. Prices are largely unchanged with U grades trading from €3.80/kg to €3.90/kg, R grades from €3.75/kg where traded in very small numbers or out-of-spec and to €3.85/kg at the higher end of the market. This excludes producer bonuses paid to some finishers with supply arrangements. Friesian bulls are selling from €3.65/kg for poorly conformed O-/O= bulls while batched of O=/+ bulls are selling 10c/kg to 15c/kg higher. Young bulls trading on the grid are moving in the main at a base of €3.85/kg. This excludes the 12c/kg quality assurance bonus.
NI & British trade
British prices continue their gradual rise on the back of tight supplies and favourable exchange rates helping the market. R4L steers and heifers have gained another 2p/kg to 3p/kg and are heading towards £3.44/kg to £3.45/kg. The sterling to euro exchange rate continue to fluctuate between 83p and 85p, standing today at 84p. This leaves British R4L prices at the equivalent of €4.30/kg including VAT.
Turkish deadline
Today (Monday) is the deadline for tenders for live exports to the Turkish market. Interest following last week’s announcement is reported as strong but internal unrest following a military coup at the weekend is said to be complicating normal proceedings. As such it is likely to take a while before the number of tenders submitted and interest in the market is known.
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