The latest Bord Bia market tracking analysis shows the Irish prime composite price and the EU benchmark price mirroring each other at €3.58/kg excluding VAT.
The addition of cows to the composite makes no difference to the comparison, with both prices matched at €3.42/kg.
The prime Irish composite price is 1% down on the corresponding period in 2019, with the EU benchmark falling by a greater level of 2.3%.
Looking at steers and young bulls on their own shows Irish steers averaging €3.66/kg, EU young bulls averaging €3.62/kg and UK steers significantly higher at €4.00/kg, with all prices excluding VAT.
The Irish R3 steer price at €3.62/kg excluding VAT is running 2c/kg ahead of 2019 levels for the year to date.
Firm demand
Getting back to this week’s trade, demand remains firm, but there is no change in prices paid.
The majority of steers are trading on a base of €3.65/kg, while heifers are moving at a base of €3.65/kg to €3.70/kg.
There are isolated deals being completed above this range with large-scale finishers, while prices remain strongest in the northwest for cattle under 30 months and ticking all the boxes on weight and eligibility for China.
The best demand for Angus cattle is reported in the west, with Jennings fit for stock, as reported in last week’s factory price leagues.
Bulls are unchanged at a price range of €3.60/kg to €3.65/kg for U grades, €3.50/kg to €3.55/kg for R grades and wider differential of €3.20/kg to €3.40/kg for O grades.
Bulls less than 16 months and trading on the grid range from €3.50/kg at the bottom of the market to the average base price of €3.60/kg.
Cows are firm, with plants keen to maintain current levels of throughput, of which cows are an important part.
P+3 grades average €2.85/kg to €2.95/kg with deals reported 5c/kg to 10c/kg higher. O grades average €2.95/kg to €3.05/kg with R grades from €3.15/kg to €3.25/kg in the main.
Read more
Rising UK cattle prices puts pressure on factories – IFA
Beef the only loser in Mercosur trade deal
In pictures: strong prices for quality cattle at Balla Mart despite the weather
The latest Bord Bia market tracking analysis shows the Irish prime composite price and the EU benchmark price mirroring each other at €3.58/kg excluding VAT.
The addition of cows to the composite makes no difference to the comparison, with both prices matched at €3.42/kg.
The prime Irish composite price is 1% down on the corresponding period in 2019, with the EU benchmark falling by a greater level of 2.3%.
Looking at steers and young bulls on their own shows Irish steers averaging €3.66/kg, EU young bulls averaging €3.62/kg and UK steers significantly higher at €4.00/kg, with all prices excluding VAT.
The Irish R3 steer price at €3.62/kg excluding VAT is running 2c/kg ahead of 2019 levels for the year to date.
Firm demand
Getting back to this week’s trade, demand remains firm, but there is no change in prices paid.
The majority of steers are trading on a base of €3.65/kg, while heifers are moving at a base of €3.65/kg to €3.70/kg.
There are isolated deals being completed above this range with large-scale finishers, while prices remain strongest in the northwest for cattle under 30 months and ticking all the boxes on weight and eligibility for China.
The best demand for Angus cattle is reported in the west, with Jennings fit for stock, as reported in last week’s factory price leagues.
Bulls are unchanged at a price range of €3.60/kg to €3.65/kg for U grades, €3.50/kg to €3.55/kg for R grades and wider differential of €3.20/kg to €3.40/kg for O grades.
Bulls less than 16 months and trading on the grid range from €3.50/kg at the bottom of the market to the average base price of €3.60/kg.
Cows are firm, with plants keen to maintain current levels of throughput, of which cows are an important part.
P+3 grades average €2.85/kg to €2.95/kg with deals reported 5c/kg to 10c/kg higher. O grades average €2.95/kg to €3.05/kg with R grades from €3.15/kg to €3.25/kg in the main.
Read more
Rising UK cattle prices puts pressure on factories – IFA
Beef the only loser in Mercosur trade deal
In pictures: strong prices for quality cattle at Balla Mart despite the weather
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