German Burger King launch further boost to rising prices
Manchester City and Tipperary supporters are not the only ones to have something to be happy about this week.
However, the return of Lar Corbett or the final few injury time minutes that decided the Premiership pale into insignificance compared to the positive movement across the board on beef prices.
With numbers remaining tight, factories are hard-pressed to secure adequate stock to satisfy their markets. Last week's estimated kill of 24,195hd was almost 5,000hd lower than for the corresponding week last year. Positive movement in the sterling exchange rate is also helping.
Nicely finished heifers appear to be as scarce as hopes of a government being formed in Greece. Generally, the quotes have moved up by 5c/kg. More importantly so have the prices, with more and more farmers bargaining for up to 430c/kg. Some have secured up to a 432c/kg base on the grid.
Steer base quotes are more or less at 410c/kg. Actual prices vary from 410-415c/kg. Flat prices of 410c/kg for O grades and 420c/kg for Rs have been paid.
Quotes and prices have also moved upwards for the bulls. The O grades are at 400-410c/kg this week, while Rs range from 410-415c/kg with up to 425c/kg got for Rs. U grades are making from 420-425c/kg.
The best of the cull cows are making a minimum of €4.00/kg, with some farmers getting 5-10c/kg more. The R grades are at 380-400c/kg, while O grades are making from 364c/kg to 382c/kg. Prices for the P+ cows range from 350c/kg to 370c/kg.
The beef trade in Britain is being helped by tight supplies, according to Bord Bia. The best trade reported is for forequarter product and round cuts.