Beef trade remains strong as supplies remain tight with heifers making 435c/kg
The beef trade remains strong across the country with supplies very tight and factories actively looking for cattle.
The majority of plants are paying 430-435c/kg for heifers while steers are fetching 425c/kg.
The cull cow trade remains strong in marts and this has also been evident in factories.
Procurement managers are having to shell out 350-360c/kg for P grade Holstein cows, the better quality O grade cows are making 360-370c/kg.
R grade cull cows are making 370-390c/kg while some plants quoting U grade culls at 400c/kg.
Young bulls around the country are generally making between 420-425c/kg for R grade bulls. O grade bull quotes are 410c/kg.
The latest cattle supplies at export meat plants for the week ending July 11 stood at around 30,000 head which was similar to supplies for the same week last year.
Cumulative supplies for the year to date are down 5% on supplies for the corresponding period last year standing at around 833,000 head.
In Britain, Bord Bia says reported cattle prices from the AHDB for GB R4L grade steers were averaging at 359.8 p/kg (equivalent to 499.11c/kg) for the week ended July 4.
The trade was reported as remaining good on the back of increased demand with trade for steak cuts in particular reported as strong.
Favourable exchange rates continue to make imports into Britain more competitive, it says.
In France, Bord Bia says little change has been reported with promotions centred on steak cuts.
In Italy, it says the trade remains slow on the back of low consumption while the introduction of a sudden ban on exports to Greece will put further pressure on the market particularly for forequarter cuts.