Profit from tight supply before new year begins
Published 14/12/2011 | 06:00
Our new European cross-country champion, Fionnuala Britton, is not the only one striking gold this week as beef farmers are experiencing something of a rebound in quotes over the weekend and for the early part of the week.
With last week's estimated kill at 31,300hd, this was somewhat surprising but it's a reflection of a positive market.
Agents and factory personnel were freely admitting yesterday morning that their job was to secure stock and finalise the deal. Do not leave stock behind seemed to be the message.
One slight area of concern was the rumour that the reason why the plants were so keen for stock yesterday morning was the fear of an escalation in the vets' work-to-rule strike as the week progressed.
Base quotes for the steers and heifers have definitely moved on by a minimum of 5c/kg, with the steers generally at 390-395c/kg base for today.
Many farmers are holding out for the higher end of those two figures, with in-spec R grades making 400c/kg in Donegal.
The base quote range for the heifers is 395-405c/kg. Seasoned sellers are definitely not accepting less than €4/kg, while hard sellers with numbers have secured base prices of up to 410c/kg. Donegal is on 406c/kg for the in-spec R grade heifers.
Tops for the U-grade bulls is 415c/kg, while the range varies from this back to 400c/kg. The R quotes are at 395-405c/kg, with few of them selling below the €4/kg. Os are making 380-395c/kg.