Bord Bia Weekly Cattle Trade and Prices Update
02/11/2013 Website News
Bord Bia Trade and Prices report 1st November 2013
The cattle trade improved slightly this week despite some increase in cattle supplies being marketed. Trade is being helped by strong demand as buyers start to prepare for the Christmas market for key accounts across our key export markets. This combined with steady competition for supplies from Northern Ireland plants is helping to underpin the trade.
Base quotes under the Quality Payment System are making between €4.05 to €4.10/kg for steers and between €4.10 to €4.20/kg for heifers. The trade for cull cows remains steady, with quotes for O grades generally making between €3.25 and €3.40/kg.
Cattle supplies at export meat plants for the week ending 26th October reached 33,800 head, which was 1,800 head higher than the corresponding week in 2012. For the year to-date, cattle throughput is running almost 97,000 head above last year's levels. Steers and cows continue to account for most of the increase in supplies.
In Britain, trade is reported as steady with most parts of the carcase still in good demand. Trade for steak cuts remains slow. While demand for round cuts and forequarter product is holding up well. Reported prices from the AHDB eased slightly during the week, with the GB R4L steer price now making 400.2p/kg (equivalent to €4.73/kg excl VAT) for the week ending the 26th of October.
On the Continent, the seasonal shift towards forequarter cuts from hindquarter cuts continues. Best demand reported is for chucks. Demand continues to be boosted for forequarter cuts in response to increased promotional activity.
In France, the R3 young bull is making €3.80/kg, while the 03 cow is making €3.43/kg.
In Italy, the R3 young bull is making €4.06/kg, while the 03 cow is making €2.71/kg.
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