There’s still no Christmas joy in the beef trade this week, with some factories trying to pull quotes by another 10c/kg.
Some factories are trying to purchase bullocks at €7.10/kg base price, but aren’t getting a lot at the lower price.
It’s a similar story with heifers with some processors trying to purchase heifers at a base price of €7.20/kg.
The Aberdeen Angus bonus also continues to come under pressure, with some factories reducing the bonus being paid in the last two weeks by 10c/kg.
A bonus of 30c/kg is still available in some locations, but many are indicating a permanent reduction in the new year.
Cows
Cows are also back a touch, with some pressure on the trade. P+3 cows are coming in at €6.40/kg to €6.50/kg.
Good O grades with flesh are still making €6.50/kg to €6.70/kg, with quality R grading cows coming in at €6.70/kg to €6.80/kg and a little above it in some locations.
Well-fleshed U grading cows are still coming in at €7.00/kg in some factories this week.
Bulls
The trade in young bulls also eased. The going rate being offered for R grading bulls is in the region of €7.30/kg to €7.40/kg, with U grading bulls touching €7.30/kg, while P and O grading bulls are coming in at €7.10/kg to €7.20/kg.
Under-16-month bulls are working off a base price of €7.10/kg to €7.20/kg this week before any grading or in-spec bonuses are applied.
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