The cattle trade has edged upwards this week on the back of robust demand with some tightening in supplies. Trade across our key export markets remains stable.
The majority of steers were being purchased at a base price of around €4.10/kg on the Quality Payment System while heifers were being purchased on average at a base of €4.15/kg with selected lots achieving higher prices. These prices exclude bonuses payable on QA animals. Prices paid for O grade cull cows are generally making between €3.45/kg to €3.60/kg.
The latest cattle supplies at export meat plants for the week ending March 14th stood at around 31,000 head which was 5% behind supplies for the same week last year. Cumulative supplies for the year to date are down marginally on supplies for the corresponding period last year at over 340,000 head.
In Britain, reported cattle prices from the AHDB have firmed with GB R4L grade steers averaging at Stg 366.2 pence/kg dw (equivalent to 505.93 cent/kg dw) for the week ended 21st March. Trade was reported as continuing to remain stable with the strength of the sterling having an impact on the trade.
In France the market remains steady with promotions this week centred on steak cuts and diced beef. In Italy, some rise in demand was reported with some increase in prices.
In France the R3 young bull price was down 1c to €3.74/kg and the O3 cow price was up 5c to €3.15/kg
In Italy the R3 young bull price was down 1c to €3.89/kg and the O3 cow price was up 7c to €2.70/kg