No sign of pre-grass price lift yet
Farmers are very angry that prices have been further reduced at a time of the year when seasonally it has been normal for the trade to improve, as supplies of cattle out of the sheds fall back. It will be a few more weeks before cattle commence coming off the grass, but supplies continue quite strong.
Confusion arises as to the reason for falling prices. Some sources are blaming the restricted inspections by vets at the factories; others are saying that the quieter tone to the markets, weaker demand for beef, and lighter export orders are the reasons. But processors are getting plenty of cattle despite the falling prices, and they are unlikely to offer more, with slack order books, and added uncertainty because they do not know how the cut in veterinary staff to inspect slaughter cattle is going to affect their killing lines.
Some of the factories were hesitant to issue any quote this week, adopting a wait and see approach to supply, demand and price.
In the south, up to 235 cents/kg (84p/lb) was available for R grade steers and heifers on Monday, but the prices were quickly slipping back to 229 cents/kg (82p/lb) for Rs, with Os being quoted at 218 cents/kg (78p/lb).
In the midlands, 235-224 cents/kg (84p-82p/lb) were maintained and, further north, the quality Rs were making a bit more.
The over age cattle are a bit of a mixed bag. They are making up to 246 cents/kg (88p/lb) at Galtee Meats, Charleville for quality animals over 400 kg. Fair Oak is paying 224-212 cents/kg (80p-76p/lb) for the general run of over 30 months animals, but they are not interested in stock over 36 months.
There is a strong market for young bull beef at Excel, Kilbeggan where animals up to 12 months are making 288 cents/kg (100p/lb) and those from 12 months to 18 months are worth 246 cents/kg (88p/lb).
The cow prices have remained steady.
Good quality cows are making close to 196 cents/kg (70p/lb), while the more general run is 185 cents/kg (66p/lb).
