Cow prices remain firm amid friction
killing this week have been bought at 415c/kg but he wasn’t willing to answer the question as to what they were offering farmers ringing them up today with heifers to sell. A fe w finishers have done deals of between 405-410c/kg for heifers to be killed over the next few days but others with smaller numbers are struggling to get the plants offering 395c/kg.
I have of ten encouraged farmers to shop around but this is easier said than done at the present time as factories are not overly anxious to break the bank for occasional suppliers.
This has been the case with the bulls for quite some time. A few farmers I spoke to during the past week said they received a disinterested type of response from factories they have not dealt with regularly.
In-spec steers are generally being quoted for at 400c/kg, with a few plants also quoting down to 395c/kg. Out of spec s teer quotes are generally between 380-390c/kg.
If there is a positive, it is that a few agents I was in contact with felt that numbers of quality in-spec steers were tightening and it was a similar story for the heifers in partic ular areas. Farmers were also finding it somewhat easier to get bulls killed and cow prices are holding pretty firm.
The good news on the young bull front is that there is no further bad news to report this week! Quotes and prices appear to have stabilised at 360-370c/kg for the U grades with the Rs at 350-360c/kg. O grades range from 320-340c/kg depending on whether they are O-, O= or O+. A few farmers willing to travel have got up to 350c/kg for good O grade Friesians.
The best of the cull cows are making between 330-350c/kg. Prices for the R grade cows varies from 320-340c/kg with the Os at 290-330c/kg. The P grades are making from 280290c/kg.
Finished c att l e pri c es continue to be impacted by weak demand from key export markets according to Bord Bia, particularly for manufacturing beef. In general, quoted prices were back slightly on the previous week.
The prime cattle trade remained slow. The majority of steers were purchased at a base price of around €3.95-4.00 /kg on the Quality Payment System which is identical to previous week’s prices. Heifers are trading at a base price of €4.05-4.10 /kg. These prices exclude the €0.12/kg bonus which is payable on in-spec QA animals. Prices paid for cull cows were similar to the previous week, with prices for the O grades generally making between €2.95-3.10/kg.
Cumulative supplies for the year are running at 11,000 head or 8pc higher than t he corresponding period last year.
In Britain, trade continues to be subdued over the past week with plentiful supplies available. Trade for fillets and rumps is reported to be reasonable at best. Reported cattle prices from the AHDB have fallen again with GB R4L grade steers averaging 489c/kg deadweight, including VAT.
In France, trade was also slow as the mild weather continues to affect demand for forequarter cuts. Prices in France for the R3 young bull were at €4.07 including VAT, while the 03 cow price was up 2c to €3.48/kg.