Beef Prices: Processors taking a one day at a time approach
WHILE there is no proven relationship between a weekend’s sporting results and the cattle trade, the match between Waterford and Kilkenny on Saturday does lend itself in that direction.
There were times over the regulation 70 minutes that it appeared Waterford were cruising, only for the black and amber juggernaut to come back at them.
It’s a bit like the factories, who over the last four to five weeks clawed back control of prices from a position where bullocks had been priced at €4.20/kg and heifers were on €4.30/kg.
Prices have tumbled to €4.05/kg and €4.15 respectively.
Yet this year, as with the Waterford hurlers, is different. Markets are strong and supplies while plentiful have not yet succeeded in tipping the balance decisively in any side’s favour.
My information is that the prices game is nip and tuck with last week’s €4.05 and €4.15/kg still the benchmark. However, it’s not quite going the factories’ way despite their fightback.
On the surface they appear to be holding firm, with some agents quoting €4.00/kg on occasion, before having to give more where sellers are not under pressure but have the quality and weight the factory men require.
A bit like the swan — all serenity and poise above the waterline while paddling like mad just to stay going below it.