Irish trade boosted by tight British beef supply
There is little or no change to the trade since last week, where the estimated kill was 27,236hd. Steer base quotes on the grid are generally between 410c/kg and 418c/kg.
Most of them appear to be moving at a base of 415c/kg, but there are also deals being done at levels of 415-420c/kg. Heifer quotes are in the range of 425-432c/kg, with 430c/kg being the price mentioned more often than not. A few flat prices of 430c/kg for a mix of three grades have been achieved for heifers in the west. The best I heard on the grid this week was 432c/kg.
O-grade bulls are making between 400c/kg and 405c/kg. The quote range for Rs runs from 410c/kg to 420c/kg, while a few Rs mixed in with Us have made 425c/kg flat. The range for U-grades varies from 420c/kg to 425c/kg.
There is no change to cull cows either. The best of the heavy continentals continue to make 380-400c/kg, with Moyvalley Meats probably one of the better buyers for those types at the moment.
R-grades range between 360c/kg to 385c/kg. Quotes for the Os fall into the 345-360c/kg bracket, while the P-grades remain at 320-334c/kg.
Bord Bia reported that the trade in Britain remained firm, with strong demand for fillets and rumps evident. Trade continued to be helped by ongoing tight supplies.
Reported cattle prices from the AHDB increased slightly, with GB R4L grade steers averaging £375.1p/kg deadweight (equivalent to 478c/kg, including VAT deadweight) for the week ended January 5.
On the continent, the trade was relatively steady across most of the key markets, with prices reflecting this pattern. Trade was helped by some restocking that is continuing to take place following the festive period.