LMC: U-3 Heifers Average 344.9p/kg07 January 2013
UK - Base quotes from the plants this week for U-3 grade prime cattle are 328-330p/kg for steers and 330-332p/kg for heifers with the additional 8p/kg bonus available for in spec animals.
There have however been reports of higher prices being paid than quotes would suggest, report the Livestock and Meat Commission for Northern Ireland.
The average price paid for U-3 grade heifers last week
was 344.9p/kg. Even if all heifers within this grade qualified for the
8p/kg bonus the price paid was still in the region of 5-7p/kg above the
base quotes of 330-332p/kg. Producers should ensure that they shop
around to get the best possible deal. Quotes for first quality cows have
remained in the range of 264-275p/kg with plants reporting a strong
supply of cows.
The average price paid for steers in NI last week increased by 3.2p/kg to 332.4p/kg while the heifer price increased by 3.6p/kg to 336.1p/kg. The young bull price however showed the biggest increase in the region, up 6.3p/kg to 326.0p/kg.
Average prices in GB also showed increases on the previous week with the steer price up 1.9p/kg to 366.4p/kg and the heifer price up 5.9p/kg to 367.3p/kg. The price differential between average GB and NI prices last week was 34p/kg for steers and 31.2p/kg for heifers.
There was however variation in the level of price changes across the regions. Average steer and heifer prices in Scotland were almost unchanged on the previous week at 373.0p/kg and 370.1p/kg respectively while prices in other areas have shown strong increases.
The average heifer price in the Midlands increased by 9.7p/kg to
368.8p/kg while the steer price in the region increased by 6.5p/kg to
366.4p/kg. Meanwhile in Northern England the heifer price increased
by 6.5p/kg to 366.8p/kg while the steer price was almost unchanged
The average price paid for cull cows in NI last week increased by
6.1p/kg on the previous week to 247.5p/kg. However cow prices in GB
have shown stronger increases with average prices up between 17-
32p/kg on the previous week across the regions. The average cow
price in GB last week was 263.7p/kg.
This puts the price differential
between average NI and GB prices for cull cows last week at 16.2p/kg.
Prices in ROI have also shown increases for the majority of reported
grades with reports of a decline in the availability of cattle over the last
number of weeks. The R3 steer price in ROI last week increased the
equivalent of 4.3p/kg to 321.5p/kg while the R3 heifer price was up
6.5p/kg to 339.0p/kg.
Republic of Ireland
The differential between ROI and NI prices last week for R3 grading steers and heifers was 14.8p/kg and 2.4p/kg respectively. Strong increases in cow prices were also reported in ROI with the price for O3 cows up the equivalent of 8.4p/kg to 270.6p/kg. In NI last week the O3 cow price was almost identical at 270.3p/kg.TheCattleSite News Desk