12pc slip in July cattle kill puts floor under quotes
The cattle kill for last month was nearly 12pc back on the same month last year, reflecting the general fall-off in supplies of stock.
Figures released by the Central Statistics Office (CSO) show that the kill for the month fell by 15,800hd compared with 12 months ago. The total kill for last month was 118,900hd, back from 134,700hd last year.
The drop in kill numbers was reflected in a significant drop in beef output. Beef production for last month was back 10pc compared with last year, dropping from 43,400t to 39,100t.
The weekly kill was running just under the 30,000hd mark compared with a 33,000-34,000hd average for last year.
Cattle slaughterings have fallen further over the past three weeks, with the weekly kill now averaging around 27,000hd.
Factory buyers tried last week to pull the price of cattle bought directly off farms and at the marts.
However, a shortage of heavy bullocks and heifers has kept factory quotes and mart prices high.