Price difference between Irish and Northern Irish heifers rises to 8c/kg – LMC

The price difference between Irish and Northern Irish heifers has increased in recent weeks, figures from the Livestock and Meat Commission (LMC) show.

Northern Irish R3 beef heifers made 8.1c/kg more than heifers killed in the Republic during the week ending March 13.

The LMC’s data shows that Northern Irish heifers made 403.5c/kg, while heifers slaughtered south of the border made 395.4c/kg.

Three weeks ago, the price difference between Irish and Northern Irish R3 heifers stood a 5c/kg in favour of heifers slaughtered in Northern Ireland.

The LMC previously reported that the strengthening of the euro compared to the Sterling was the main cause for the narrowing of the price difference.

It also shows that the increased price difference between Irish and Northern beef occurred due to movements in the currency markets, as €1 bought 77.3p Sterling during the week ending March 13.

However, aside from movements in the currency markets, the prices farmers received for R3 heifers in both the Republic and the North dropped by 1.5c/kg and 3c/kg respectively, during the week ending March 13.

Like beef farmers in the Republic and Northern Ireland, the R3 heifer beef price also fell by 2.7c/kg to 429.5c/kg in Britain during the week ending March 13.

On a euro basis, British R3 heifers made 34.1c/kg more than Irish and 26c/kg more than Northern Irish heifers two weeks ago.

lmc league price table
Source: LMC

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