Irish cattle prices third highest in Europe – LMC

The average cattle price for an R3 heifer in the week ending May 3 2015 was 421c/kg, this was up 2.1c/kg from the 418.9c/kg paid in the week ending April 5, 2015, the latest Livestock and Meat Commission (LMC) figures show.

This latest price was 23.4c/kg higher than the EU average price of 397.6c/k for the week ending April 5.

Ireland has also retained its third place on the EU cattle prices league table.

In Northern Ireland for the week ending May 3, the average R3 heifer price was the equivalent price of 463.3c/kg, the LMC says.

This was down 8c/kg from 471c/kg in the week ending April 5.

The North’s average R3 heifer price was 65.7c/kg higher than the EU average in the week ending May 3 compared to 71.8c/kg in the week ending April 5, the LMC says.

The latest figures from the LMC show that the average R3 heifer price in the North was 42.3c/kg higher than the equivalent price in the Republic.

Northern Ireland continues to hold its second place on the EU cattle price league table and the UK remains in the number one spot.

The LMC says that in the UK the average R3 heifer price for the week ending May 3 was the equivalent of 469.5c/kg.

This was a decrease of 10.3c/kg from April 5 and the decrease in the price has resulted in the UK/EU price differential narrowing from 80.3c/kg in the April 5 to 71.9c/kg in the week ending May 3.

In the EU, the average R3 heifer price in the EU was 397.6c/kg, down 1.9c/kg from 399.5c/kg in the week ending April 5, 2015.

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