Big Demand For Heifers

IRELAND - Livestock Price Coordinator for the Irish Cattle and Sheep Farmers’ Association (ICSA), John Cleary, has said that despite factories reaching their quotas last week, there is still a very strong demand for quality cattle this week.
calendar icon 19 October 2011
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For a good mix of steers, the price being quoted is €3.55 – €3.60kg, this is a 0.5c increase on last week’s prices. There has been huge demand for all categories of heifers and prices have reflected that.

Heifers are trading €3.65 - €3.70/kg. However, and it’s the same story as last week, better prices are available than the ones being quoted. For a mix of U and R grade bulls, the going price is €3.65 - €3.70/kg, a 0.5c increase on last week.

Cows are had been the real winners last week with considerable increases but prices have stabilised this week. Quotes for cows are ranging from €3.10 - €3.45/kg.

On this week’s trade, Mr Cleary said: “It’s another piece of positive news this week for beef farmers. There is a serious demand for heifers and solid demand for cows this week. Heifer prices have seen only a small rise on paper but the word I’m getting on the ground is that factories are willing to pay a lot more than quoted prices for good quality heifers as they are badly stuck for them."

"Saying that, the factories were able to meet their quotas last week but they are still looking for cattle of all types. This probably means that their store supplies are short or they are looking forward to a particularly buoyant Christmas period. Either way, prices should continue along this trend for a few more weeks.”

TheCattleSite News Desk

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