The cattle trade remains steady this week on the back of strong demand with supplies relatively strong. Trade remains good across our key export markets as purchasing ahead of the festive period continues.
The majority of steers were purchased at a base price of around €3.90/kg on the Quality Payment System with selected lots achieving more. Heifers were being purchased on average at around €3.95 to €4.00/kg. These prices exclude the €0.12/kg bonus which is payable on in-spec QA animals. Prices paid for O grade cull cows are generally making between €3.15 to €3.30/kg.
Cattle supplies at export meat plants for the week ending December 13th stood at around 36,000 head, which was up 11% on the figure for the equivalent week in 2013. Cumulative supplies for the year to date are 10% or 149,000 head above the figures for the corresponding period last year, currently standing at 1.6 million head.
In Britain, reported cattle prices from the AHDB have remained similar to last week with GB R4L grade steers averaging at Stg 365.1 pence/kg dw (equivalent to 464.21 cent/kg dw) for the week ended 13th December. A strong trade was reported on the back of strong seasonal demand. Most cuts have seen a rise in sales with fillets moving particularly well.
In France the trade was reported as steady on the back of continued purchasing ahead of Christmas. Promotions this week have centred on steak cuts. In Italy little change was reported in the trade with demand seasonally good for higher value cuts.
In France the R3 young bull price was €3.75/kg and the O3 cow price was €2.96/kg
In Italy the R3 young bull price was €3.61/kg and the O3 cow price was €2.45/kg