Quotes climb with factories anxious to land festive stock
Maybe there is just a little hint of some festive cheer for the beef farmers, with prices strengthening ever so slightly despite another big kill of just over 32,660hd last week.
Factories are definitely very anxious to get stock with most of them killing almost full time between now and next Monday and a number of them operating on Saturday also.
The year has proven to have been an extremely expensive one to produce beef with the terribly wet conditions allied to the rising cost of meal leading to a lot of finishers operating at a loss due to a lack of any significant price rise over the past month.
At the risk of repeating myself, the price difference of 70c/kg between here and Britain is very difficult for the Irish farmer to accept and does nothing to improve their trust in the processors. It translates into a loss of €280/hd on a steer killing out at 400kg.
Quotes and prices for the bullocks this week seem to range from 395c/kg to 405c/kg, with actual base prices being agreed on generally in the 400-405c/kg bracket.
The in-spec R grade going up to the northwest is making 414c/kg.
The heifer quotes vary from 415c/kg to 420c/kg but prices are more often than not at 420-425c/kg. Tops of 430c/kg on the grid have been paid in a number of plants. Mixes of R and U-grade bulls have made up to 415c/kg.
Quotes for U grades are generally around the 410-415c/kg, with the Rs at 400-410c/kg. O grades range from 390c/kg to 400c/kg, with O-grade Friesians having commanded a high of €4/kg over the past week.