CATTLE PRICE STRONG THIS WEEK

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CATTLE PRICE STRONG THIS WEEK
17 Jul 2017

CATTLE PRICE STRONG THIS WEEK

Cattle

National Livestock Chairman Angus Woods said the cattle trade is stronger this week with the base price for steers at €4.05/4.10 and €4.15/4.20/kg base being paid for heifers.

He said the lower quoted base price of €4.00 and €4.10 are gone at this stage, “Factories are very anxious for cattle over the weekend and struggling to get numbers. It is reported that numbers are very tight in some factories this Monday morning.”

Angus Woods said UK prices continue to rise with the AHBD advising that prices have climbed for the 15th consecutive week, to its highest level since January 2014. He said the R3 steer price is equivalent to €4.53/kg.

The IFA Livestock leader said the clear message from the Beef Forum was that beef markets are in a strong position and there is no basis for any pressure on cattle prices. “ Both Bord Bia and the factories confirmed the positive position on the beef markets and Minister Creed said live exports were performing very well, up 43% to date this year, which he described as very positive.”

Angus Woods said Bord Bia confirmed that market demand for beef is strong, export market prices, particularly in our main market in the UK, are very strong and due to increased live exports and lower carcass weights, cattle numbers will be a lot less than originally forecast.

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