IFA National Livestock Chairman Angus Woods said the beef trade has strengthened this week with some factories increasing quotes by 5c/kg. He said in general the base price for steers being bought this week is €3.95/kg and €4.05/kg for heifers.
He said some plants are quoting lower but others are doing deals at higher levels to secure numbers. He said price offers of €4.00 and €4.10/kg for steers and heifers have been made.
He said the cow trade is strong, driven by very strong demand for manufacturing beef. He said very few cows are selling below €3.30/kg with the majority trading between €3.40 and €3.60/kg and top quality cows making over €3.70/kg.
Angus Woods said there is active demand at factory level and clearly some pent up retail and wholesale demand from the weather disruptions in both Ireland and the UK of last week. He said last week the kill fell back to less than 25,000 adult cattle and this was also driving demand this week.