Shortages Of Cattle Keep Beef Prices High

IRELAND - Livestock Price Coordinator for the Irish Cattle and Sheep farmers Association (ICSA), John Cleary, has said this week looks as promising as the past number of weeks for the beef farmer as significant stock shortages across the country have meant that prices for cattle have remained steady.
calendar icon 29 July 2011
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For a good mix of steers, the price being quoted is €3.60 - €3.75 /kg, roughly on a par with the prices that were being quoted last week.

Heifers after a significant increase last week have levelled out this week and are being quoted almost the same as last week, heifers are €3.70 - €3.80/kg.

For a mix of U and R grade bulls, the going price is €3.75 - €3.80/kg. Cows are back to trading well in the past number of weeks and the upward trend in prices has continued this week, cows are €3.10 - €3.25/kg this week, a rise of approximately .10c on last week.

Mr Cleary said: “There continues to only be good news for the beef farmer. We have seen returns to high levels over the past number of weeks and this is again the case for this week. The word that we are getting on the ground is the slaughtering levels are down from about 30,000 per week to about 26,000 or 27,000 which is a significant drop."

"Factories are crying out for all types of cattle across the board and this leaves the farmer in seriously strong bargaining position. While the outlook is good and we would expect the situation to remain constant for the foreseeable future, now is a good time to look to sell. Either way, this continues to be a fruitful time for the beef farmer," he concluded.

TheCattleSite News Desk

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