The demand for manufacturing beef shows no signs of cooling down, with the demand for forequarters continuing at levels not seen since 2013. All types of the product are in strong demand from the top-end extremely lean 90% visual lean (vl) to the lower-value higher-fat content product. Demand is strong, with Britain, Europe and Asian markets all buying.

It is a different picture with high-value steak meat. Market demand is particularly weak in mainland Europe, which is the consistent year-round market.

The trade on loins in particular is seasonal in the home and UK markets and a slowdown is expected this time of year. However, with the continent weak, traders are accepting anything from €12 to €14/kg for strips, less for heavy ones. This is a product that is normally worth up to €20/kg.

We are also entering peak season for roasting cuts, which the factories will be stockpiling for the Christmas retail trade.