Beef Trade: 'Factories appear committed to getting bullock price down to €4.00/kg'
THE weekend saw a plethora of GAA matches, some good, some maybe not so good, but the one thing they all had in common was that there was no lack of commitment on any side.
The cattle trade at the moment is a bit like that, the factories appear to be committed to getting the price of bullocks on to the €4.00/kg mark and heifers to €4.10/k g.
On the other hand, a lot of the men with cattle seem to have adopted the footballing stance of “if you want the ball, come and get it”.
Which is exactly what the factories did last week.
Farmers with stock to sell found that despite the hype around the factories wanting bullocks back at a base of €4.00/kg, the man with in-spec stock could still strike a deal at €4.10/ kg.
In other words, while the game had been seen to swing away from the cattlemen over the last three to four weeks, with bullock prices of €4.15-4.20/ kg and heifers up to €4.30/ kg now only a memory, last week saw a real hardening of attitudes from those with stock to sell.
While that base of €4.10/ kg is probably the top of the price league for bullocks, the majority of deals last week were done not at €4.00/kg, as some might have you believe, but at €4.05/kg.
And that price of €4.05/kg was still the benchmark as this week got under way.