Prime cattle quotes on the rise in Northern Ireland
There are positive price trends emerging for prime cattle this week in Northern Ireland. Unlike the southern trade, processor quotes are continuing to rise.
According to the Livestock and Meat Commission (LMC) in Northern Ireland, U-3-grading cattle were trading at a price of £3.60-3.66/kg (€4.02-4.09/kg), for the week ending November 14.
R-3-grades were receiving quotes from £3.54-3.60/kg (€3.95-4.02/kg), while O+3-grades sold from £3.48-3.54/kg (€3.89-3.95/kg). It should be noted that these prices include bonuses where applicable.Also Read: Beef trade: Demand for prime heifers beginning to creep up
Unfortunately for beef finishers, the cow trade is going in the opposite direction, with a continuing decrease in price.
Cows grading O+3 or better last week were receiving quotes of up to £2.60/kg and dropping back to £2.50/kg with some processors.
These quotes have witnessed a drop of 10p/kg, as cows were quoted up to £2.70/kg in the previous week.
Prime cattle prices performed well last month, as the average quote for the month amounted to £3.58/kg (€4.00/kg). This figure has witnessed a rise of 43p/kg compared to October 2019’s price of £3.15/kg (€3.52/kg).
Reflecting back on the October 2019 and 2020 figures, there was a decrease of 3.7% in the number of prime cattle processed. This may have aided the price increase somewhat.
Cow price also experienced an increase of 24.4p/kg this October, with the average quote for cows tallying to £2.48/kg (€2.77/kg), while throughput for the month amounted to 10,139 head.
An interesting figure to note is that the average carcass weight of 350.9kg for prime cattle increased by 5kg this year in comparison to October 2019. Similar trends were seen in cow carcass weights, as they achieved an average weight of 208kg – which is an increase of 6kg on the same month last year.