North/south heifer price gap narrows to less than 10c/kg

The heifer price gap between the Republic of Ireland and Northern Ireland has narrowed to 8.6c/kg according to the latest update of the LMC’s EU deadweight cattle prices league table.

For the week ending February 14, the average R3 heifer price in the Republic stood at 396.9c/kg.

This is a decrease of 1.8c/kg from the 398.7c/kg paid in the week ending January 17, 2016 and this latest price places the Republic’s heifer price 12.0c/kg above the EU average.

Meanwhile, Northern Ireland has dropped to fourth place on the latest update of the heifer price league table after Italy jumped ahead of it.

For the week ending February 14, the average R3 heifer price in the North was the equivalent of 405.5c/kg.

This is back 12.5c/kg from the 418.1c/kg paid in the week ending January 17, 2016. The North’s heifer price was 20.6c/kg higher than the EU average for the week ending February 14.

This compares to being 30.5c/kg higher than the EU average in the week ending January 17.

Looking to Britain, while holds second place on the heifer price league table, for the week ending February 14, the average R3 heifer price was the equivalent of 432.1c/kg.

This was a decrease of 14.7c/kg compared to week ending January 17, when it was the equivalent of 446.8c/kg.

The British/EU price differential narrowed from 59.2c/kg in the week ending January 17 to 47.2c/kg in the week ending February 14.

Heifer price
Source: LMC