The beef trade showed little change this week, with plentiful supplies and subdued demand levels being the main characteristics evident across our key export market.
Prices quoted by export meat plants were similar with previous weeks prices. Steers were on average purchased at a base price of between €3.90 and €3.95/kg on the Quality Payment System. Heifers traded at a base price of €3.95 to €4.00/kg which was down on the previous week. These prices exclude the €0.12/kg bonus which is payable on in-spec QA animals. Prices paid for O grade cull cows were mostly ranging between €2.80 to €2.95/kg.
Cattle supplies at export meat plants for the week ending 5th April stood at just over 32,600 head, which was over 8,000 head or 33% higher than the equivalent week in 2013. Cumulative supplies for the year to-date are running at more than 49,000 head or 13% above the figures for the corresponding period last year.
In Britain, finished cattle prices reported by AHDB declined by 2p/kg on average for the week ending 5th of April, to Stg 367.8 pence/kg dw (equivalent to 446.25 cent/kg excl VAT). Demand continues to remain slow for forequarter cuts and manufacturing beef product. However, this has been offset somewhat by some improvement in hindquarter cuts due to milder weather.
On the French market, the beef trade remains stable this week. Demand for barbeque cuts has been boosted in response to the improvement in weather conditions. Demand for skirts, chuckroll and tongues has decreased. While a strong supply of competitively priced imported meat is having some impact on prices.
- In France, the R3 young bull price was down 1c to €3.81/kg, while the 03 cow price was down 3c at €3.40/kg.
- In Italy, the R3 young bull price was down 1c to €3.97/kg and the 03 cow price was up 6c to €2.80/kg.