Reports agents 'hunting' for finished stock as cattle supplies tighten
The cattle trade has edged upwards on the back of relatively good demand with some ease in supplies reported.
IFA National Livestock Chairman Angus Woods said cattle prices have risen a further 5 to 10c/kg this week, with the base price for steers at €3.90/kg and €3.95/kg paid.
He said the base price for heifers has also moved on to €4.00/kg and some incidences of €4.05/kg being paid.
Angus Woods said tighter numbers have left agents and factories hunting for finished stock.
He said feeders needed to dig in hard and insist on further price increases, which are desperately needed to lift winter finishing out of loss making territory.
Angus Woods said young bulls are making up to €4.00/kg for Us. Cow prices have also risen 5/10c/kg with R grades now making €3.55/3.60.
Cattle supplies at Irish export meat plants for the week ending March 10 totalled almost 34,000 head which was up 7% or 2,000 on the equivalent week in 2016.
Cumulative supplies of steers were on a par with 2016 levels while heifers were marginally ahead. Young bulls were down by 10% while year to date supply of cows were up 17% on 2016 levels.