Ireland holds third on EU cattle prices league table

Ireland continues to hold its third place spot on the EU deadweight cattle prices league table, the Livestock and Meat Commission (LMC) says.

It says that for the week ending August 2, 2015 the average price for an R3 heifer in the Republic of Ireland was 429.0c/kg, which is down slightly by 0.5c/kg from the price paid in the week ending July 5, 2015.

This latest cattle price puts Ireland 26.1c/kg above the EU average price which was 402.9c/kg for the week ending August 2.

The EU cattle price was up 1.8c/kg from the price paid for the week ending July 5, 2015, the LMC says.

Looking to Northern Ireland, for the week ending August 2, the average price for an R3 heifer was the equivalent of 479.3c/kg, back 4.2c/kg from 483.5c/kg in the week ending July 5, 2015, the LMC says.

This latest cattle price for the North placed the Republic’s cattle price 50.3c/kg lower than the equivalent price in the North.

In the UK, the average R3 heifer price paid for the week ending August 2, 2015 was 505.8c/kg. This is an increase of 5.0c/kg from the week ending July 5, 2015, it says.

The increase in the UK heifer price has resulted in the UK/EU price differential widening from 99.7c/kg in the week ending July 5 to 102.9c/kg in the week ending August 2, according to the LMC.

The euro was down to €1= 70.6p in the week ending August 2, 2015.

Image: Livestock and Meat Commission (LMC)
Image: Livestock and Meat Commission (LMC)
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