Beef Prices June 2022
According to the Livestock and Meat Commission (LMC), unlike price pulls in the Republic of Ireland, quotes have “continued to strengthen” in Northern Ireland this week (June 2022).
Quotes from the major processing plants for in-spec U-3 grade prime cattle “remained steady” and ranged from 422-432p/kg for steers and heifers.
Meanwhile, quotes for good quality O+3 grade cows ranged from 280-360p/kg across the plants this week. Moreover, the LMC expects “improved” quotes of 280- 376p/kg for 0+3 grade cows next week.
According to the LMC,
- In NI, the average steer price was up by 4.2p/kg to 435.5p/kg last week. The R3 steer price last week was 445.4p/kg, up 2.3p/kg from the week prior. The LMC’s data shows that it is 57.1p/kg ahead of the R3 steer price during the corresponding week in 2021;
- The average heifer price in NI last week rose by 0.9p/kg to 437.7p/kg, while the R3 heifer price was up by 1.3p/kg to 446.1p/kg;
- The cow trade “remained strong” in NI last week, with the average cow price up by 4p/kg to 355.7p/kg and the O3 cow price up by 5.8p/kg to 383.9p/kg. According to the LMC, the O3 cow price in NI is 85.8p/kg ahead compared to the same week last year.
Throughput
Prime cattle throughput last week amounted to 6,990 head, up 47 head from the previous week when 6,943 prime cattle were slaughtered in local plants.
Furthermore, this is also up by 489 head from the 6,501 prime cattle slaughtered in NI plants during the same week last year.
Last week’s cow throughput in NI stood at 1,965 head, a figure that was up by 232 head from the previous week.
This was an increase of 260 cows compared to the 1,705 cows killed locally during the same week last year.
Moreover, imports from ROI for direct slaughter in NI plants last week comprised 146 prime cattle and 69 cows.
Meanwhile, exports from NI for direct slaughter in ROI plants last week consisted of nine prime cattle, 116 cows and four bulls.
Moreover, the LMC confirmed that no cattle made the journey from NI to GB for direct slaughter last week.
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