The cattle trade was steady this week on the back of good demand coupled with some tightening in supplies. Trade was relatively steady across the UK with a mixed trade reported across the continent.
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 between €4.15/kg to €4.20/kg with selected lots achieving higher prices. These prices exclude bonuses payable on in-spec QA animals. Prices paid for O grade cull cows are generally making between €3.50/kg to €3.70/kg.
The latest cattle supplies at export meat plants for the week ending May 16th stood at around 29,500 head which was 8% behind supplies for the same week last year. Cumulative supplies for the year to date are down around 3% on supplies for the corresponding period last year at around 607,000 head.
In Britain, reported cattle prices from the AHDB for GB R4L grade steers averaged Stg 335.5 pence/kg dw (equivalent to 468.87 cent/kg dw) for the week ended 16th of May. Trade was reported as relatively steady despite some ease in demand coupled with a rise in supplies. Topsides and strips were reported to be performing best.
In France little change has been reported with promotions centred on chucks and diced beef. In Italy, little change was reported with the trade remaining slow on the back of sluggish demand due to the arrival of milder weather with strong competition also reported.
In France the R3 young bull price was up 1c to €3.66/kg and the O3 cow price was up 2c to €3.25/kg
In Italy the R3 young bull price was up 4c at €3.87/kg and the O3 cow price was up 11c to €2.87/kg