IN THE KNOW
“Trade was very strong for both bullocks and heifers with both up by maybe €50/hd,” said Thomas Potterton of an improving store and forward store trade. Thomas noted that prices are markedly up on 2017. Bullocks under 400kg: May 2017 average price €1.98/ kg, last week €2.10/kg. 500-550kg: May 2017 €2.02/kg last week €2.39/kg; the average price of the 550-600kg bullock was up 47c/kg at €2.47/kg last week as against the May 2017average of just €2.00/ kg. Thomas credits these improvements to “probably a combination of better cattle and a stronger outlook for beef in general”.