Why there has been 10 weeks of straight beef price rises in Britain
This week the British prime deadweight cattle price recorded its 10th consecutive weekly price gain.
Industry body AHDB says the measure ended the week at 357.93p/kg (412c/kg) 1.37p higher than last week and nearly 39p (44c) higher than a year ago at the same time.
Prices for steers meeting R4L specification rose 1.3p to 369.5p/kg (425c/kg), but it was young bulls and heifers which contributed most to the gains, with R4Ls rising 2.8p and 2.9p respectively.
R4L young bulls were 353.9p/kg (407c/kg) and R4L heifers averaged 369.8p/kg (425c/kg).
The AHDB says recent weeks have been characterised by strong demand for more commercial animals, and have seen particularly strong prices in the cattle meeting lower specifications than R4L.
“Of course, not all processors have that as their base specification for pricing purposes, but this price action is an indication that such animals have been in particular demand.
“However, the latest prices would indicate that trend has not carried through into last week,” it says.
Meanwhile, Bord Bia says positive gains seen in Britian over recent weeks are on the back of stronger demand and an ease in supplies.