€80/hd lift boosts store and beef cattle trade
Published 18/01/2011 | 05:00
Prices for store and beef cattle at the marts have surged by up to €80/hd on the back of improved factory prices and strong demand from finishers.
Bidding wars have developed between factory agents and farmers for the best forward store and beef cattle, while cull-cow prices have also increased significantly.
The strong surge came on the back of a 6-10c/kg rise in factory prices in the past fortnight.
Mart managers described the cattle trade in recent days as very strong and, in some cases, unbelievable.
Loads of 600kg bullocks on offer at Athenry Mart this week sold for €550-600 over the weight, while similar-weight heifers also sold for top prices of €500-600 over.
Mart manager Alan Barry said it was almost frustrating not to have more cattle to sell as it was a rare thing to have such strong demand.
"The five or six factory agents were fighting at the ringside," he said.