Beef trade: Base quotes stationary as talks take place in Backweston
For now, the Beef Plan Movement has suspended its nationwide rally outside meat factories – pending the outcome of high-anticipated talks yesterday, Monday, August 12.
Since the ‘ceasefire’ was agreed upon, beef processors are anxious for stock, with some slaughtering cattle on Saturday.
After 12 days and nights of protest outside 22 factories, the Beef Plan Movement and Meat Industry Ireland (MII) accepted compromise proposals put forward by the Minister for Agriculture, Food and the Marine, Michael Creed, aimed at breaking the ongoing impasse between the two parties.
It has been agreed that all protests at meat processing plants and legal proceedings are to be suspended with immediate effect until the agreed talks have concluded.
Now that the Beef Plan Movement’s presence has retreated from factory gates – for the moment – base quotes for steers stand at 345-350c/kg, while heifer quotes start at 355-360c/kg. However, some factories were not quoting on Monday.
Beef buyers are starting negotiations with farmers for cows at 270-290c/kg for P-grade cows. In addition, 290-300c/kg is on the table for O-grade animals and 310-330c/kg is being quoted for R-grade cows.
Looking at the bull trade, under-16 month bull prices are 340-350c/kg, with under-24 month bulls making 345-355c/kg for R-grades and 320-330c/kg for O-grading types. Furthermore, E-grade bulls are making 350-360c/kg.
However, weight restrictions are in place in some processing facilities.
Beef Plan protest disrupts supplies
Some 29,138 head of cattle were slaughtered in Department of Agriculture approved beef export plants during the week ending August 4 – the week the Beef Plan Movement began its protests at a number of factories throughout the country.
The number of young bulls bought by beef processors fell by 387 head, while the number of aged bulls decreased by 89 head.
The number of steers presented for sale decreased by 1,940 head on the previous week. Cow numbers fell by 1,975 head and the number of heifers slaughtered dropped by 1,482 head.
- Young bulls: 3,253 head (-387 head or -10.6%);
- Bulls: 646 head (-89 head or -12.1%);
- Steers: 11,738 head (-1,940 head or -14.1%);
- Cows: 5,608 head (-1,975 head or -26%);
- Heifers: 7,849 head (-1,482 head or -15.8%);
- Total: 29,138 head (5,898 head or +16.8%).
Last week’s figures were unavailable at the time of writing, however these will be available on AgriLand on Wednesday, August 14; last week’s kill is expected to be well back on previous weeks.
Other European countries
According to Bord Bia, prices for R3 steers were in Great Britain – for week ending August 4 remained the same at 333p/kg or 359c/kg.
Moreover, there was a 2c/kg recovery in the price quoted that week for R3 young bulls in France – 373c/kg, while O3 cows remained the same at 321c/kg.
In Italy, R3 young bull prices improved by 1c/kg to 413c/kg, Bord Bia said. Finally, the German R3 young bull price increased by 3c/kg to 341c/kg.