The cattle trade remained slower this week as some strengthening in supplies continued to be evident and market demand runs behind normal levels for the time of year.
Prices for steers and heifers continued the trends evident last week with base quotes under the Quality Payment System now making around €4.00 - €4.05/kg for steers, while trade for heifers was reported at €4.10 to €4.15/kg. The trade for cull cows remains under pressure with quotes for O grades ranging from €3.00 - €3.20/kg.
Cattle supplies at export meat plants for the week ending 30th November stood at just under 33,000 head, which was a slightly ahead of the previous week and 1,000 head above the same week last year.
In Britain, trade remains slower than normal but is showing some more positive signs. Steak cuts are reportedly attracting a better trade with pre Christmas buying expected to help over the coming weeks.
Reported cattle prices from the AHDB are steady during the past week with GB R4L grade steers averaging at Stg 399.4 pence/kg dw (equivalent to 477.9 cent/kg dw) for the week ended 30th November.
On the Continent, there was little change to report this week. Demand for forequarter cuts remain steady. Trade for cuts such as fillets is showing signs of improvement in advance of the Christmas period. However, the market for other hindquarter cuts continues to be seasonally slower.
- In France, the R3 young bull price fell by 1/c to €3.81/kg, while the 03 cow price decreased by 6/c to €3.23/kg.
- In Italy, the R3 young bull price fell by 8/c to €4.00/kg, while the 03 cow price lifted by 1/c to €2.62/kg.