The cattle trade continues to remain steady on the back of strong demand. Trade was reported as remaining steady in the UK while a slow trade was reported on the continent.
The majority of steers were being purchased at a base price of between €4.25/kg and €4.30/kg on the Quality Payment System while heifers were being purchased on average at a base of between €4.35/kg and €4.40/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 €3.70/kg and €3.85/kg.
The latest cattle supplies at export meat plants for the week ending July 25th stood at around 29,000 head which is up on supplies for the same week last year. Cumulative supplies for the year to date are down 4% on supplies for the corresponding period last year, standing at around 892,000 head.
In Britain, reported cattle prices from the AHDB for GB R4L grade steers were averaging at Stg 365.3 pence/kg dw (equivalent to 517.64 cent/kg dw) for the week ended 26th July. Trade was reported as relatively steady with trade for most cuts performing well with fillets and rumps in particular doing well.
In France the market continues to remain under some pressure as a result of farmer blockades, particularly along the German and Spanish borders which are causing disruptions to deliveries. Promotions are centred on domestically produced beef. In Italy, little change in the trade was reported with the warm weather affecting demand while the suspension on forequarter exports to Greece is continuing.
In France the R3 young bull price was up 2c to €3.78/kg and the O3 cow price was unchanged at €3.48/kg
In Italy the R3 young bull price was €3.83kg and the O3 cow price was €2.65kg