The cattle trade continues to be underpinned by robust demand, however the upward price momentum of recent weeks has eased somewhat. Trade across our key export markets remains mixed.
The majority of steers were being purchased at a base price of between €4.10/kg and €4.15/kg on the Quality Payment System while heifers were being purchased on average at a base of €4.20/kg with selected lots achieving higher prices. These prices exclude bonuses payable on QA animals. Prices paid for O grade cull cows are generally making between €3.45/kg to €3.60/kg.
The latest cattle supplies at export meat plants for the week ending February 21st were back 3% on supplies for the same week last year, albeit at small numbers, standing at around 31,000 head. Cumulative supplies for the year to date are in line with supplies for the corresponding period last year.
In Britain, reported cattle prices from the AHDB have firmed with GB R4L grade steers averaging at Stg 369.9 pence/kg dw (equivalent to 507.73 cent/kg dw) for the week ended 28th February. Trade was reported as remaining relatively static with best demand for rumps and striploins.
In France the market has shown little change week on week with promotions this week centred on ribs, roasts, chucks and diced beef. In Italy, demand for most cuts remains slow with meat consumption back due to the season of Lent while there has been an increase in competition due particularly to supply of competitively priced Polish product.
In France the R3 young bull price was down 1c to €3.74/kg and the O3 cow price was up 9c to €3.11/kg
In Italy the R3 young bull price was up 7c to €3.85/kg and the O3 cow price was down 3c to €2.52/kg