IFA National Livestock Chairman Angus Woods has reported cattle prices are rising this week with most plants increasing the base prices by 5c/kg to get numbers. He said the base price for steers has moved on to €3.85 for steers and €3.95/kg for heifers.
Angus Woods said tighter numbers and the change in the weather have left agents and factories hunting for finished stock. He said feeders needed to dig in hard and insist on further price increases, which are desperately needed to lift winter finishing out of loss making territory.
Angus Woods said young bulls are making from €3.90/3.95/kg for Us, €3.80/3.85 for Rs and €3.65 for O grade stock. He said a lot of farmers selling bulls are on a flat price of €3.90/kg this week for R and U grades. He added under 16 month old bulls are being sold on the QPS at a base of €3.85.
Cows are making €3.55/3.60 for top quality U grades, €3.40/3.45 for R grades, €3.20 for Os and €3.10 for P+.
On live exports, Angus Woods said calf and weanling buyers are very active. He said for week ending March 5th, live exports reached 9,925 head. Calf exports continue to rise week on week and totalled 8,478 head while 882 adult cattle, 302 weanlings and 263 stores were also exported.
Looking at destinations, Angus Woods said 4,297 head of cattle went to the Netherlands, 3,086 to Spain, 893 to Northern Ireland, 833 to Belgium, 625 to Italy, 129 to Great Britain and 62 to Greece.
Angus Woods said the Purcell Bros. contract to Turkey was having a positive impact at weanling sales in the marts. In addition he said the IFA work in reducing the charges on live calf exports by €1,150 per load was having a real impact in shifting calf numbers.