Ireland: Trade is steady despite talk of a 5-cent per kilogram drop

Frozen Bone-In Beef
Market & Price Trends
Published Apr 16, 2024

Tridge summary

This week's factory quotes for beef cattle have shown a slight decrease in the base price for prime cattle by 5c/kg, as reported by some procurement staff, while others have noted stable prices. There's an introduction of off-season breed bonuses of 25c/kg for eligible Angus and Hereford heifers and steers. Despite a six-week decline in finished cattle supplies, the future impact due to delayed spring grazing and continued housing is still uncertain. Prices for heifers and steers are currently quoted between €5.10/kg and €5.35/kg, depending on quality and weight, with cow prices ranging significantly from €4.20/kg to €5.00/kg based on grade and processor. Bull prices are also varied, with quotes for under-24-month bulls ranging from €5.00/kg to €5.45/kg.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

This week’s factory quotes for beef cattle has seen some talk from procurement staff about the base price for prime cattle reducing by 5c/kg, while other outlets have affirmed prices are holding firm for this week. Off-season breed bonuses for Angus and Hereford cattle have kicked in to the trade now with a 25c/kg breed bonus available on eligible Angus heifers and steers, as well as a 25c/kg breed bonus, which is also currently available on eligible Hereford heifers and steers. Supplies of finished cattle have been in decline for the past six consecutive weeks, but with grazing delayed this spring and many cattle still housed, the impact this will have on cattle supplies progressing into the year remains to be seen. Factory quotes: Heifers and steers Heifers are still being quoted at €5.20-5.25/kg on the grid, with as high as €5.35/kg on the grid being quoted at the top-end of the price scale for suitable heifers with carcass weights ranging from 300-400kg. Steer (bullock) prices ...
Source: AgriLand
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