Beef Trade: Rising prices lift confidence
There is an increased feeling among the farming community that in the longer term ‘Brexit will come and go’.
That was the general sum-up of the feeling on the ground by David White of Castleisland mart.
Indeed as we approach the half-way point in 2017, the one thing you can say about the cattle business is that there appears to be plenty of confidence in the air, regardless of what lies down the road. That confidence is driven, as it always has been, by factory prices.
While this week’s quotes for bullocks and heifers are not that different from last week’s €4.10/kg and €4.20/kg respectively, there is ‘talk’ of the possibility of 5c/kg more. Yesterday morning I heard whispers that €4.25/kg had been paid towards the end of last week to secure heifers.
The tipping point is numbers: if you have them, your number is now on speed dial with your local factory boss.
While these prices lie a long way off the €4.80s to €5.00/kg bases of a few years ago, the tempo of the trade at present is constant, a steady beat in upward movement.
The message appears to be ‘keep ’em coming’ and with numbers not really slackening away from 30-32,000 average over the last few weeks, prices if anything have continued to edge upwards.