There was a further ease in the cattle trade this week on the back of some reduced demand while a relatively steady supply of cattle coming off grass was reported. Trade was mixed across our key export markets.
The majority of steers were being purchased at a base price of between €4.00/kg and €4.05/kg on the Quality Payment System while heifers were being purchased on average at a base of between €4.10/kg and €4.15/kg. These prices exclude bonuses payable on in-spec QA animals. Prices paid for O grade cull cows are continuing to make between €3.60/kg and €3.70/kg.
The latest cattle supplies at export meat plants for the week ending August 22nd stood at almost 29,700 head which is down 9% on supplies for the same week last year. Cumulative supplies for the year to date are down 4% on supplies for the corresponding period last year standing at over 1 million head.
In Britain, reported cattle prices from the AHDB for GB R4L grade steers were averaging at Stg 356.0 pence/kg dw (equivalent to 485.30 cent/kg dw) for the week ended 22nd August. Trade remains slow on the back of some ease in demand however it is hoped that the return to work after the holiday season will boost demand particularly for forequarter cuts.
In France, a slow trade was reported with on going difficulties for exporters due to the suspension of direct trade into retailers. In Italy little change was reported in the trade.
In France the R3 young bull price was down 1c to €3.78/kg and the O3 cow price was up 1c to €3.54/kg
In Italy the R3 young bull price was down 1c to €3.73/kg and the O3 cow price was up 1c to €2.52/kg