Decline in beef prices continues
Heifer prices fared slightly better making an average of 0.5p/lb more for R3 than the bullocks, while the best of the cull cows maintained a strong price of just over 80p/lb - narrowing the gap between O grade bullocks/heifers and cull cows to under 10p/lb.
With the exception of Carrigans of Donegal at 96.6p/lb and Jennings of Ballinrobe paying an average of 94.2p/lb, most of the factories paid an average of 93p/lb or slightly better for R3 bullocks.
AIBP Group average was 93p/lb - down 1p/lb on the previous week - with some variations between the factories in the group.
AIBP at Cahir paid an average of 93.7p/lb and 93,5p/lb average was paid at the Clones plant.
The Waterford factory paid the lowest average for the group at 92.5p/lb.
AIBP, Rathkeale paid an average of 92.6p/lb and AIBP at Bandon averaged 92.8p/lb. Dawn Group paid an overall average of 93p/lb which was down 0.7p/lb.
Their Charleville Foods factory paid an average of 93.5p/lb just ahead of Middleton with the average at the Waterford factory slipping back to 92.7p/lb - which coincidentally was almost identical to the average price paid at the AIBP plant at Waterford.
Kepak paid an average of 93p/lb or a fraction more at each of their factories.
Eight factories dropped the price for O3 bullocks under 89p/lb. More than half the factories paid between 89p/lb and 90p/lb with Carrigans and Jennings the only factories with an average for O3 bullocks over 90p/lb.
