The cattle trade continues to remain steady with a further ease in supply with prices remaining unchanged. Little change was reported in the trade across our key export markets.
Prices continue to remain steady across most categories. The majority of steers and heifers were purchased at a base price of between €3.70 and €3.75 /kg on the Quality Payment System. These prices exclude the €0.12/kg bonus which is payable on in-spec QA animals. Prices paid for O grade cull cows increased slightly and are generally making between €3.00 to €3.10/kg.
Cattle supplies at export meat plants for the week ending 18th July stood at around 28,000 head, which was just under 1% lower than the equivalent week in 2013. Cumulative supplies for the year to-date are running at over 104,000 head or 13% above the figures for the corresponding period last year. Cumulative supply of heifers are up by around 16% on the corresponding period last year with steers and young bulls 16% and 15% higher respectively.
In Britain, reported cattle prices from the AHDB have shown some increase, with GB R4L grade steers averaging at Stg 338.4 pence/kg dw (equivalent to 427.1 cent/kg dw) for the week ended 19th July. Trade was reported as remaining sluggish overall with demand best for BBQ cuts such as steaks and burgers on the back of the hot weather.
In France little change in the beef trade has been reported . In Italy, the trade remains similar to the previous week with trade for knuckles and round cuts remaining steady.
In France the R3 young bull price was up 2c to €3.68/kg and the O3 cow price was up 1c €3.40/kg
In Italy the R3 young bull price was up 12c to €3.72/kg and the O3 cow price was up 3c to €2.74/kg