Irish cattle prices continue to rise, up 6.9c/kg

The average R3 heifer price in Ireland for the week ending April 19 2015 was 421.1c/kg up 6.9c/kg from the week ending March 22, the Livestock and Meat Commissions (LMC) latest figures show.

This latest figure from the LMC places Ireland 22.8c/kg above the EU average price and 46.3c/kg lower than the equivalent price in Northern Ireland.

Ireland continues to hold its third place position on the EU cattle price table.

The LMC says that the average R3 heifer price in the EU was 398.3c/kg, down 2.8c/kg
from 401.2c/kg in the week ending March 22.

In the North the average R3 heifer price for the week ending April 19 was the equivalent of 467.4c/kg, back 18.6c/kg from 486.0c/kg in the week ending March 22.

This placed the North’s average R3 heifer price 69.1c/kg higher than the EU average for the week ending April 19 compared to 84.8c/kg in the week ending March 22.

The North continues to hold its second place position on the EU cattle price league table.

The UK holds the number one spot on the table and for the week ending April 19 the equivalent average R3 heifer price was 477.6c/kg, the LMC says.

This price is a decrease of 19.9c/kg from the week ending March 22 and this has resulted in the UK/EU price differential narrowing from 96.2c/kg in the week ending March 22 to 79.3c/kg in the week ending April 19.

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