Farm Ireland
Independent.ie

Tuesday 19 June 2018

Irish cattle prices remain in top 10 of EU, but 18.c/kg below Northern Irish prices

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Margaret Donnelly

Margaret Donnelly

Irish cattle prices remain in the top 10 in Europe, latest figures for R3 heifers across the EU show, but are 18c/kg behind those in Northern Ireland.

In the week ending October 15, the average R3 heifer price in the EU was 387.8c/kg, an increase of 0.4c/kg from 387.4c/kg in the week ending September 17.

While the UK remained in third place on the league table in the week ending October 15, with an equivalent R3 heifer price of 416.5c/kg, this was a 9.9c/kg decrease from the 426.4c/kg paid during the week ending September 17.

Irish prices for R3 heifers were recorded at 378.9c/kg in the week ending October 15,, a decrease of 3.1c/kg from the 382.1c/kg paid in the w/e September 17. This placed it 8.9c/kg below the EU average price and 17.9c/kg lower than the equivalent price in Northern Ireland.

The differential between R3 heifer prices in the UK and the EU average narrowed from 39.0c/kg in the week ending September 17 to 28.7c/kg in the week ending October 15.

In Northern Ireland, for the same time frame, it was sixth in the EU league table, with the R3 heifer price was the equivalent of 396.8c/kg.

This was a 0.1c/kg increase from the 396.7c/kg paid during the week ending September 17.

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