‘Cattle trade buoyed by factory and exporter demand’
The cattle trade is currently buoyant with strong demand from factories and live exporters, according to the IFA’s National Livestock Chairman Angus Woods.
Woods said that the factories currently have a base price of €4.05/4.10 for steers and €4.15/4.20 for heifers. Some strong prices for bulls have also been offered with a flat R/U price of €4.15/kg. Woods noted that U-grade bulls are making €4.15 in general, while R grades are making €4.05, and O grades are on €3.85/3.90.
Cow prices are also good at up to €3.70 for Rs, €3.45/3.50 for Os and €3.35 for Ps.
Woods said the live export trade is also good, with shipments to Libya, Algeria and Turkey taking place. This is putting a solid base at the marts for all stock categories.
He noted that it is very positive that another boat load of 3,000 cattle went to Turkey over a week ago. This is the first batch by Purcell Bros in a contract for 20,000 cattle that they obtained for Turkey. In addition, positive news of shipments to Libya and Algeria was also announced in recent weeks.
Woods said he is confident that Irish exporters will secure more contracts for the Turkish market and the live trade will continue to be active throughout the summer and into the autumn.
Woods issued the IFA’s standard advice in terms of payments, noting that farmers should insist on payment on the day when selling to factories and to sell otherwise in their local marts – where payment can be guaranteed. Taking a risk on the security of payment makes no sense, he concluded.