There was some further easing in the cattle trade this week in response to the on-going increase in cattle supplies being marketed. Best trade reported continues for in-spec cattle.
This is according to Food Alert from Bord Bia issued this afternoon.
“Base prices quoted for R grade steers under the Quality Payment System were generally making around €4.10 to €4.15/kg, while quotes for heifers were generally making between €4.20 and €4.25/kg, with export meat plants paying an additional 12 cent per kilogram for in-spec QA stock. O-grade cull cows are making between €3.10 and €3.30/kg,” it noted.
According food authority, cattle supplies at export meat plants for the week ending 27th July stood at 29,200 head, which was 4,900 head higher than the same week in 2012. “To date this year, cattle supplies are running 77,300 head higher compared to last year’s levels. The majority of the increase in availability to date this year is evident in the steer and cow category,” it added.
Ireland Meat Plant Prices(€/kg dw excluding VAT)
| Week Ending | % Change | Average to Date | % Ch | |||||
|---|---|---|---|---|---|---|---|---|
| Cattle | 28.07.2012 | 27.07.2013 | Prev.Week | Prev.Year | 2012 | 2013 | ||
| Steers | O3 | 3.69 | 3.91 | 5.1 | 6.0 | 3.77 | 4.02 | 6.6 |
| O4 | 3.68 | 3.93 | 5.6 | 6.8 | 3.77 | 4.03 | 6.9 | |
| R3 | 3.87 | 4.10 | 4.9 | 5.9 | 3.94 | 4.19 | 6.3 | |
| R4 | 3.85 | 4.10 | 5.4 | 6.5 | 3.93 | 4.18 | 6.4 | |
| U3 | 4.00 | 4.20 | 4.0 | 5.0 | 4.04 | 4.27 | 5.7 | |
| Young Bulls | O3 | 3.74 | 3.67 | -2.7 | -1.9 | 3.80 | 3.93 | 3.4 |
| R3 | 3.93 | 4.00 | 1.3 | 1.8 | 3.94 | 4.11 | 4.3 | |
| U3 | 4.05 | 4.13 | 1.2 | 2.0 | 4.02 | 4.19 | 4.2 | |
| Heifers | O3 | 3.81 | 4.03 | 4.7 | 5.8 | 3.88 | 4.19 | 8.0 |
| O4 | 3.80 | 4.01 | 4.4 | 5.5 | 3.87 | 4.19 | 8.3 | |
| R3 | 4.00 | 4.24 | 5.2 | 6.0 | 4.06 | 4.40 | 8.4 | |
| R4 | 3.99 | 4.23 | 5.5 | 6.0 | 4.04 | 4.39 | 8.7 | |
| Cows | O3 | 3.30 | 3.10 | -7.5 | -6.1 | 3.42 | 3.41 | -0.3 |
| O4 | 3.32 | 3.16 | -6.0 | -4.8 | 3.44 | 3.44 | 0.0 | |
Graphs courtesy Bord Bia