Farmers willing to barter can make the most of strong demand for beef
One of the Irish flags heading for the Euros in Poland attracted quite a bit of attention from the paparazzi. The slogan on it read: "Angela Merkel thinks we're at work."
One group definitely working hard at the moment are factory agents and procurement personnel.
With demand remaining strong and supplies down to an estimated 23,640 last week, the processors are finding it very difficult to secure adequate numbers.
This augurs well for farmers selling but there remains quite a difference between what some farmers are willing to accept and what others are successfully bargaining for and getting.
Over the weekend I spoke to one man that had taken as low as 410c/kg base for his steers last week and looked like accepting a base of 415c/kg this week.
I also met a finisher who had bargained for and secured 425c/kg for his Rs while in-spec R grades travelling into Donegal meats are making up to 432c/kg.
In general the base quotes and prices fall between 415-425c/kg with more than one plant willing to pay this higher figure. Some farmers are opting to sell flat.
Heifers are commanding from 425-435c/kg on the grid. In-spec R grades in the northwest are at 438c/kg but this only secures second place as 440c/kg is being paid for in-spec heifers in the north-east. If you have a quality assured young heifer killing out around 320kg, the difference in the final price between selling her at 425c/kg and 440c/kg is €48.