Beef prices fall for second week

Marts: Beef prices at the factories have fallen for the second consecutive week, the official farmer pay sheet returns for last week have confirmed.

Although the throughput at the factories last week was see to be slightly down, it did not save producers who took an average of 0.6p/lb less overall, with reductions of up to 2p/lb being confirmed at some individual factories for bullocks in last week's kill.

The average paid for R3 bullocks was 93.5p/lb down 0.6p/lb while O3 grade was back by the same margin to an average of 91p/lb.

AIBP Group paid an average of 93p/lb.

While the average paid at Waterford and Clones remained stable, the average paid at Bandon for R3 bullocks was 92p/lb, a drop of 1.3p/lb and at Rathkeale the average slipped under 92p/lb following a drop of 1.6p/lb on the previous week.

The price at Nenagh was just short of the national average for the week.

The average for R3 bullocks purchased by then Dawn Group was down 1p/lb at 92.8p/lb. Waterford dropped 1.6p/lb to 93p/lb with prices at Midleton and Cahir down by 0.5p/lb to 0.8p/lb.

The top price for R3 bullocks was 98.6p/lb at Carrigans of Donegal, with Liffey Meats and Bergins Moyvalley Meats paying 95p/lb average and AIBP (Clones), Kepak (Clonee) Kildare Chilling and Newgrange Meats among the tops at over 94p/lb. O3 bullocks averaged 91p/lb.

The national average for R3 heifers was 93.6p/lb. Eleven factories paid an average of 94p/lb or better with the top-paying Kepak at Clonee paying an average of 96.7p/lb which probably included some premium price young beef and Liffeys paying over 95p/lb.

Newgrange Meats, Meadow Meats, Jennings, Slaney Meats and Kildare Chilling all paid over 94p/lb average.

The average nationally for O3 heifers was 91p/lb.

Cull cow prices eased back slightly with a top price of 83p/lb at Liffey Meats, Ballyjamesduff for R5 grade, 82.5p/lb at Kepak (Clonee) for O5 grade and 80p/lb for P+4H grade at Liffeys.

Martin Ryan

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