Beef Prices: Processors bid to rein in prices by 10c-20c/kg
WORKING out what goes on in the minds of factory bosses is not simple.
One well placed agent was able to quote €4.15/kg for bullocks and €4.25/kg for heifers with another 5c/kg possible but not likely. The next couple of men could not go any further than €4.10/kg for bullocks and €4.20/kg for heifers.
The reality is anything killed early this week will have been bought at those higher prices last week. This means that later this week the first of this week’s purchases will start to go through the system.
The question is will those factories that were quoting those lower prices have enough stock to keep the wheels turning come Thursday? They probably will, but will they have made those lower prices stick?
What appears to be going on is that those factories that specialise in killing cows are using increasing cow numbers to ease off on having to buy anything else, which creates a ripple of general uncertainty in relation to all prices.
Adding to this uncertainty were reports yesterday morning that those same factories were quoting 10-20c/kg less for those cows with the intention of putting a lid on all prices across the board.
The reality is that while all these things “may” happen, as I write this I don’t know of anyone who has taken those lower prices so the quotes I have been paid out for the early part of the week for cows run from €3.60/ kg for Rs, with Os on €3.40 and your better P+ cow €3.30, with lesser Ps back to between €3.00-3.10/kg.
The price of bulls remains largely unchanged as their numbers continue broadly in line with last year. Under 16-months are on a general base of €4.15/kg while those up to 20-months continue to be flat priced at €4.20/kg for Us with Rs on €4.15/kg, while Os vary a bit but are generally in the €4.05/kg bracket.