Marts pay extra 5c/kg over tighter cattle supplies

Some farmers have gained 5c/kg above quoted prices at marts due to tighter cattle supplies this week, said IFA national livestock committee chairman Angus Woods.

He said factories are paying a base of €3.85 for steers and €3.95 base for heifers. He said the trade is also being helped by very good grass growth and good thrive.

“Agents have been told not to leave stock behind them,” said Mr Woods.

“Cattle prices in our main UK export market continue to rise, up another 1p/kg last week. UK prices are now up 26p/kg since the end of April.”

UK prices are up 13p/kg since the Brexit vote in June.