The cattle trade remains steady with a further ease in numbers of finished cattle. Little change was reported in the trade across our key export markets.
Prices continue to remain steady. The majority of steers and heifers were purchased at a base price of between €3.70 and €3.75 /kg on the Quality Payment System. 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 €2.95 to €3.10/kg.
Cattle supplies at export meat plants for the week ending 11th July stood at around 29,000 head, which was 8% higher than the equivalent week in 2013. Cumulative supplies for the year to-date are running at over 104,000 head or almost 14% above the figures for the corresponding period last year. Cumulative supply of heifers are up by around 17% on the corresponding period last year with steers and young bulls 17% and 15% higher respectively.
In Britain, reported cattle prices from the AHDB increased slightly with GB R4L grade steers averaging at Stg 339.7 pence/kg dw (equivalent to 429.5 cent/kg dw) for the week ended 12th July. Trade was reported as sluggish overall however there has been some increase in demand for steak cuts as a result of the improved weather.
In France the beef trade continues to remain steady with few changes in prices reported. In Italy, demand continues to be slow on the back of lower consumption with prices back on the same period last year.
In France the R3 young bull price was €3.66/kg and the O3 cow price was €3.39/kg
In Italy the R3 young bull price was €3.60/kg and the O3 cow price was €2.71/kg