“Trade continues to be helped by tight supplies across the UK and other key European markets combined with some improvement in market demand, as trade settles back to more normal levels following the holiday period,” it said.
It said base quotes under the Quality Payment System continue to make between €4.10 to €4.15/kg for steers and €4.20 to €4.25/kg for heifers. The trade for cull cows also remains steady, with quotes for O grades now generally making between €3.30 and €3.45/kg, it added.
“Cattle supplies at export meat plants for the week ending 31 August stood at 28,900 head, which was marginally higher than the corresponding week in 2012. For the year to-date, cattle throughput is running almost 81,200 head above last year’s levels. Steers and cows continue to account for most of the increase in supplies,” its update outlined.
In Britain, Bord Bia noted trade remained steady throughout the week as demand and supplies were evenly matched. “Best demand reported is for prime steak cuts. However, trade for round cuts remains slow. Reported prices from the AHDB have risen slightly, with the GB R4L steer price now making 395.7p/kg (equivalent to €4.69/kg excl VAT) for the week ending the 31st of August,” it stated.
On the Continent, Bord Bia noted the seasonal shift towards forequarter cuts from hindquarter cuts continues.
“Some promotional activity combined with the reintroduction of schools has boosted demand for certain forequarter product such as chuck. While demand for hindquarter product remains quiet despite some promotional activity taking place within the foodservice sector across some markets,” it stated.
In Italy, R3 young bull price is making €4.00/kg, while the O3 cow price is making €2.92/kg. And In France, R3 young bull price was unchanged at €3.86/kg, while the O3 cow price fell by 2c/kg to €3.72/kg.
Ireland Meat Plant Prices(€/kg dw excluding VAT)
|Week Ending||% Change||Average to Date||% Ch|
Graphs courtesy Bord Bia