Cattle trade is on fire as farm buyers drive prices
But levels are 'unrealistic'
Published 29/03/2011 | 05:00
The cattle trade in the marts is on fire, with exceptionally strong demand and fancy prices reported for all classes of stock.
Forward store bullocks are a particularly lively trade but mart managers claim that there are customers for all entries -- and this is being reflected in both the prices and the level of clearance.
One feature of the trade has been the level of farmer buying. The general view is that prices are being driven by farmers rather than by exporters.
One mart man maintained the price levels were based on "unrealistic expectations" of finished cattle prices this autumn. Another described the price being paid for store cattle as "absolutely silly".
In Kilkenny Mart last Thursday, continental bullocks made up to €710 with their weight.
Auctioneer George Chandler reported especially strong demand for what he described as "short keep cattle". He listed two 840kg continental bullocks, which sold for €1,450 and €1,550/hd.
Lighter continental stores were also in demand, the pick of the entry made €400 with the €1/kg. The trade for Friesians was not as strong but they still made €200 along with their weight.