Irish price differential with the UK cattle trade "historically high"
According to Eblex, the decline in UK cattle prices over the past few weeks has created a price differential with Irish trade that is fairly high in a historical context.
UK deadweight prime cattle prices have fallen again, a development market specialists Eblex attribute to market fundamentals continuing to prove unfavourable for producers and processors exerting downwards pressure.
In week ended 25 April the rate of decline showed no signs of slowing down and the GB all prime average fell by another 3p on the week to 336.3p/kg. The all prime average has now fallen 25p since the turn of the year and is only around 5p/kg ahead of the five-year (2010-2014) average.
Steers and heifers meeting R4L specification both came back 4p on the week earlier to 346.8p/kg and 345.0p/kg respectively while young bull prices actually increased. R3 young bulls were a penny dearer at 327.2p/kg.
ADVERTISEMENT
Eblex says that with Irish prices remaining relatively stable against falling UK prices, the price differential with the UK trade is fairly high in a historical context, despite the differential narrowing in recent weeks. In early March it was around 70p/kg, while more recently it is closer to 50p/kg.
This high, albeit recently narrowed differential, is likely to be adding to the pressure on the GB/UK cattle trade as the two markets attempt to move closer to each other.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
However, if you would like to share the information in this article, you may use the headline, summary and link below:
Title: Irish price differential with the UK cattle trade "historically high"
According to Eblex, the decline in UK cattle prices over the past few weeks has created a price differential with Irish trade that is fairly high in a historical context.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
UK deadweight prime cattle prices have fallen again, a development market specialists Eblex attribute to market fundamentals continuing to prove unfavourable for producers and processors exerting downwards pressure.
In week ended 25 April the rate of decline showed no signs of slowing down and the GB all prime average fell by another 3p on the week to 336.3p/kg. The all prime average has now fallen 25p since the turn of the year and is only around 5p/kg ahead of the five-year (2010-2014) average.
Steers and heifers meeting R4L specification both came back 4p on the week earlier to 346.8p/kg and 345.0p/kg respectively while young bull prices actually increased. R3 young bulls were a penny dearer at 327.2p/kg.
Eblex says that with Irish prices remaining relatively stable against falling UK prices, the price differential with the UK trade is fairly high in a historical context, despite the differential narrowing in recent weeks. In early March it was around 70p/kg, while more recently it is closer to 50p/kg.
This high, albeit recently narrowed differential, is likely to be adding to the pressure on the GB/UK cattle trade as the two markets attempt to move closer to each other.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS