Some factories are covering transport and clipping costs to get stock - IFA
The cattle trade is steady, with supply/demand finely balanced and finishers digging in hard and negotiating deals above the base price of €3.80 for steers and €3.90 for heifers, according to IFA National Livestock Chairman Angus Woods.
Woods said some cattle are moving today above these prices with €3.85 paid on steers and €3.95 equivalent paid on heifers.
In addition, he said factories are covering transport and clipping charges in places to get stock.
Angus Woods said finishers are looking for a price increase as at current prices they are well below break-even.
The IFA National Livestock Chairman said bulls are making €3.70/3.80/3.90 for Os/Rs/Us. Cows are in strong demand with prices ranging from €3.05 for P+ to €3.45 and tops of €3.50 for quality U grade cows.
Last week, Bord Bia says steers were purchased at a base price of between €3.75/kg and €3.80/kg while heifers were making around €3.85/kg to €3.90/kg on the Quality Payment System.
These prices exclude the €0.12 bonus payable on in-spec QA animals. Looking at cows, O grade cow prices are generally in the range between €3.00/kg and €3.20/kg.