The beef trade has remained very firm this week with some factories having to pay more to secure finished cattle supplies in the last seven days.
Taking a look at last week’s official Department of Agriculture prices printed in this week’s Irish Farmers Journal they show increases for both steers and heifers. The average base grade (ABG) system is the average of the base grades on the EUROP pricing grid.
Each week, factories are ranked based on the average of the reported prices paid for the QPS base grades in the particular week of trading (ie animals grading R= and R- on conformation and from 2+ to 4= on fat score).
Prices include the 12c/kg bonus and the 20c/kg bonus in-spec quality assurance bonus paid on eligible animals and/or any other bonuses.
Factories that are killing large proportions of Aberdeen Angus or Hereford progeny will come in higher where bonuses are being paid as part of the price.
Some factories use the ABG system to purchase cattle off larger suppliers. A full breakdown of prices paid for all grades of cattle is available each week at www.farmersjournal.ie.
Steers increased by 1.3c/kg last week up from 434.9c/kg in the previous week. Dawn Meats, Ballyhaunis comes in top of the pile this week for bullocks with and ABG of 446.6c/kg while Dunleavy Meats, Mayo come in at the bottom on 401.9c/kg
Heifers increased by 2c/kg to 438.8c/kg for last week up from 436.8c/kg for the previous week. ABP Nenagh comes in top of the pile for heifers this week with an ABG of 446.6c/kg while Dunleavy Meats, Mayo come in at the bottom on 422.2c/kg.