Factory quotes in Ireland: 2023 beef price opens 75c/kg ahead of last year

Factory quotes for finished cattle have increased again this week with most, if not all factories now putting forward a base price of €5/kg or higher for bullocks (steers). To put this into perspective, in the first week of January last year, steer base quotes were at €4.25/kg on the grid, which is 75c/kg behind current levels. Procurement staff have said that it is difficult to gauge the trade and demand for beef in the opening days of the year but said the picture will become more transparent as the week progresses. Most procurement bosses sound confident that beef prices will remain positive and factory demand for cattle will remain strong. Advertisement Prime cattle Factory quotes for in-spec steers are generally ranging from €5.00/kg to €5.10/kg on the grid. Factory quotes for heifers this week are ranging from €5.10/kg to €5.15/kg, with some processors quoting a lower rate of €5.05/kg on the grid. Breed bonuses remain available on in-spec Angus and Hereford heifers and ...