Farm Ireland

Wednesday 22 November 2017

Little change ahead of beef sector talks

Minister for Agriculture Simon Coveney.
Minister for Agriculture Simon Coveney.

Joe Healy

THERE was little change in beef prices in the past week as industry leaders prepare for a meeting with Minister Simon Coveney this Thursday to tackle the ongoing beef sector crisis.

Factory quotes and prices were static, with U grade bulls in the main selling for 360c/kg while the Rs vary from 345-350c/kg. O grades continue to sell between 300-330c/kg.

Overage steers and heifers remain an issue with 375-380c/kg being the general base quote for the steers.

Underage steers are being quoted at 385-395c/kg and it is a similar story for the heifers.

Prices quoted by export plants remain similar to recent weeks. Steers were on average purchased at a base price of between €3.90-3.95/kg on the Quality Payment System.

Heifers traded at a base price of €3.95/kg.

Figures from the Department of Agriculture estimate last week's kill at 32,286hd.

Cumulative supplies for the year to date are running at more than 49,000hd or 13pc above the figures for the corresponding period last year.

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In the sheep trade, the main negative movement is with the hoggets where base quotes are back by 10-20c/kg. There was very little movement in quotes for Spring lambs.

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