There are no beef kill figures available yet for last week’s throughput.
However, reports from industry personnel point to another large kill that is likely be over 40,000 head for a fourth consecutive week or if not at a level very close to 40,000 head.
Primary position
The higher throughput continues to leave factories in primary position in negotiations.
Steer and heifer prices are unchanged on a base of €3.75/kg and €3.80/kg respectively, with small numbers trading at a 5c/kg higher base.
Cows continue to meet poor demand and have been joined to a growing extent by a sluggish demand for young bulls.
Quotes for R grading young bulls range from €3.70/kg to €3.75/kg, with U grading bulls selling on average from €3.80/kg to €3.85/kg, while O grading bulls are trading from €3.50/kg to €3.65/kg.
Heavy carcases
Factories have also become more discerning on carcase weight and fat cover.
Some plants are talking about penalising on what they deem to be heavy carcases exceeding 420kg to 440kg.
Others are discounting bulls delivering a fat cover of 2=, while the base price for bulls less than 16 months and trading on the grid has been reduced in cases from €3.75/kg to €3.70/kg.
There is also a longer lead-in time from booking to slaughter, with reported time lines of one to three weeks, depending on the plant in question and the producer-processor relationship.
Cow prices
The collapse in cow prices that has occurred in recent weeks seems to have at least slowed.
P+3 grading cows are trading on average from €2.70/kg to €2.85/kg, with O grading cows anywhere from €2.80/kg to €3.00/kg.
R grades are trading in small numbers from €3.00/kg to €3.15/kg, with deals completed at the top of the market ranging from 5c/kg to 10c/kg higher.
U grading cow prices have also been pulled well into check, with the exception of a few cow-specialist plants, with average prices ranging from €3.20/kg to €3.35/kg.
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Northern view: strong supplies keep cattle prices under pressure
There are no beef kill figures available yet for last week’s throughput.
However, reports from industry personnel point to another large kill that is likely be over 40,000 head for a fourth consecutive week or if not at a level very close to 40,000 head.
Primary position
The higher throughput continues to leave factories in primary position in negotiations.
Steer and heifer prices are unchanged on a base of €3.75/kg and €3.80/kg respectively, with small numbers trading at a 5c/kg higher base.
Cows continue to meet poor demand and have been joined to a growing extent by a sluggish demand for young bulls.
Quotes for R grading young bulls range from €3.70/kg to €3.75/kg, with U grading bulls selling on average from €3.80/kg to €3.85/kg, while O grading bulls are trading from €3.50/kg to €3.65/kg.
Heavy carcases
Factories have also become more discerning on carcase weight and fat cover.
Some plants are talking about penalising on what they deem to be heavy carcases exceeding 420kg to 440kg.
Others are discounting bulls delivering a fat cover of 2=, while the base price for bulls less than 16 months and trading on the grid has been reduced in cases from €3.75/kg to €3.70/kg.
There is also a longer lead-in time from booking to slaughter, with reported time lines of one to three weeks, depending on the plant in question and the producer-processor relationship.
Cow prices
The collapse in cow prices that has occurred in recent weeks seems to have at least slowed.
P+3 grading cows are trading on average from €2.70/kg to €2.85/kg, with O grading cows anywhere from €2.80/kg to €3.00/kg.
R grades are trading in small numbers from €3.00/kg to €3.15/kg, with deals completed at the top of the market ranging from 5c/kg to 10c/kg higher.
U grading cow prices have also been pulled well into check, with the exception of a few cow-specialist plants, with average prices ranging from €3.20/kg to €3.35/kg.
Read more
Northern view: strong supplies keep cattle prices under pressure
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