The cattle trade has continued to edge upwards on the back of strong demand coupled with steady supplies. A strong trade was reported in the UK while on the continent trade was relatively steady.
The majority of steers continued to be purchased at a base price of around €4.05/kg on the Quality Payment System with selected lots achieving higher prices. Heifers were being purchased on average at a base of around €4.15/kg with higher prices being reported for selected lots. These prices exclude bonuses payable on QA animals. Prices paid for O grade cull cows are generally making between €3.30/kg to €3.50/kg.
The latest cattle supplies at export meat plants for the week ending January 17th showed a small increase, standing at around 31,000 head. This was down slightly compared to the figure for the same week in 2014. Cumulative supplies for the year to date are back 3%. Supplies of prime cattle were back 3% on year previous levels.
In Britain, reported cattle prices from the AHDB have firmed with GB R4L grade steers averaging at Stg 374.9 pence/kg dw (equivalent to 490.45 cent/kg dw) for the week ended 17th January. Trade was reported as remaining generally strong with fillets doing well in particular, however some weakening in trade for striploins has continued.
In France a steady trade was reported with no significant changes reported. Current retail promotions are centred on fillets and steak cuts. In Italy, the post-Christmas decline in demand has been offset somewhat by a small rise in demand on the back of increased volumes sold.
In France the R3 young bull price was unchanged at €3.79/kg and the O3 cow price was up 4c to €3.05/kg
In Italy the R3 young bull price was down 8c to €3.77/kg and the O3 cow price was up 4c to €2.50/kg