Strong weanlings market driven by good grass supply and SFP payments
EXCEPTIONAL grass growth and the imminent arrival of some €600m in single farm payments are driving strong demand for light weanlings nationwide.
Advance payments of 50pc of the country's €1.2bn are due to flow into farmers' accounts from tomorrow but many cattle men have already spent their budget on weanlings.
Mart managers report that the strongest weanling trade is for 'farmer-type' weanlings of 320-380kg, while the demand for shipping-type weanlings lags behind.
Top prices of up to €4.08/kg were paid for bulls under 350kg at Dowra mart, while heifers under 350kg made up to €3.80/kg.
"After a disastrous spring, there's plenty of fodder around now and in my opinion, there's a bit more confidence in the country in general," remarked Ballinrobe mart manager Tom Maguire. "Weanlings for feeding were very dear in our mart this week, while the demand for the shipping calf was not quite the same."
Continental bull calves of 320-330kg sold at Ballinrobe sold for €1,000/hd, while heifers of the same weight sold for up to €850/hd. Heavier shipping type bulls of 400kg sold for €1,050-1,100/hd.
Mr Maguire said the strong farmer demand was a result of "the combination of the fantastic weather and the single farm payment."
His comments were echoed by Ennis mart manager Martin McNamara who said farmers were clamouring for good Charolais calves of 320-380kg.