The 5c/kg cut in the steer and heifer base quote discussed last week in negotiations is being enacted this week.
Reports suggest that about 50% of steers are now moving at a base of €3.45/kg, with the remainder at last week’s base of €3.50/kg.
It is a similar story for heifers, with prices split between a base of €3.50/kg and €3.55/kg.
Cows
In contrast, cows remain a solid trade.
P+3 grading cows are trading from €2.80/kg to €2.85/kg on average, while O grading cows are averaging from €2.95/kg to €3.05/kg.
Many plants are trying to buy R grading cows at €3.05/kg to €3.10/kg, but an extra 5c/kg to 10c/kg is being paid for the best-quality lots.
Bull trade
Bulls remain a challenging trade, with those finished in an under-16-month system quoted a base ranging from €3.40/kg to €3.45/kg.
Some plants remain slow to compete for these bulls and have a better appetite for bulls less than 24 months, which are selling, in general, from €3.45/kg to €3.50/kg for R grades and €3.50/kg to €3.60/kg for U grades.
O grading bulls remain at a wider price differential of €3.20/kg to €3.35/kg.
Factory protests
Meanwhile, protests have resumed at a number of plants today.
Read more
Farmers commence new factory protest in Tipperary
Keeping vigil: Kilkenny and Waterford farmers protest at Dawn and ABP
Beef Plan has ‘no part in current protests' - Fingleton
Factories won't pursue legal action if processing can continue–- MII
Minister Creed ‘available to engage’ with all farm organisations
The 5c/kg cut in the steer and heifer base quote discussed last week in negotiations is being enacted this week.
Reports suggest that about 50% of steers are now moving at a base of €3.45/kg, with the remainder at last week’s base of €3.50/kg.
It is a similar story for heifers, with prices split between a base of €3.50/kg and €3.55/kg.
Cows
In contrast, cows remain a solid trade.
P+3 grading cows are trading from €2.80/kg to €2.85/kg on average, while O grading cows are averaging from €2.95/kg to €3.05/kg.
Many plants are trying to buy R grading cows at €3.05/kg to €3.10/kg, but an extra 5c/kg to 10c/kg is being paid for the best-quality lots.
Bull trade
Bulls remain a challenging trade, with those finished in an under-16-month system quoted a base ranging from €3.40/kg to €3.45/kg.
Some plants remain slow to compete for these bulls and have a better appetite for bulls less than 24 months, which are selling, in general, from €3.45/kg to €3.50/kg for R grades and €3.50/kg to €3.60/kg for U grades.
O grading bulls remain at a wider price differential of €3.20/kg to €3.35/kg.
Factory protests
Meanwhile, protests have resumed at a number of plants today.
Read more
Farmers commence new factory protest in Tipperary
Keeping vigil: Kilkenny and Waterford farmers protest at Dawn and ABP
Beef Plan has ‘no part in current protests' - Fingleton
Factories won't pursue legal action if processing can continue–- MII
Minister Creed ‘available to engage’ with all farm organisations
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