Price of 90p/lb on the horizon for young cattle

SCARCITY of under 30 months cattle has commenced to bite at the factories this week, and expectations of 90p/lb appearing achievable soon as numbers on offer decline further.

Up to 238c/kg (85p/lb) is being quoted by a number of factories for R grade animals under 30 months this week and reports from around the country yesterday indicated that higher prices are being paid this week for quality young cattle.

Galtee Meats at Charleville quoted 85p/lb yesterday, while Excel Meats at Kilbeggan moved up to 235c/kg (84p/lb) and 238c/kg (85p/lb) is offered at AIBP factories.