Beef prices continued to come under pressure in Northern Ireland this week (August 2022), the LMC (Livestock and Meat Commission) has stated.
Base quotes from local plants ranged from 412-424p/kg for in-spec U-3 grade steers and heifers this week.
It expects factories across Northern Ireland to reduce quotes by a further 2p/kg this coming week.
Meanwhile, quotes for “good” quality O+3 grade cows “remained steady” with plants placing between 330-374p/kg on the table.
August 2022 beef prices
- According to the LMC, the average steer price in NI last week reported a decrease of 2.2p/kg from the week prior to this to 425.6p/kg, while the R3 steer price fell by 1.4p/kg to 437p/kg;
- The average heifer price in NI last week also dropped by 1.9p/kg to 430.1p/kg, while the R3 heifer price was down 0.8p/kg to 439.6p/kg;
- The average cow price fell by 7.8p/kg to 343.9p/kg. The O3 cow price in NI last week was back by 4.5p/kg from the previous week to 373.5p/kg.
Prime cattle throughput in NI last week amounted to 5,881 head, back 167 head from the previous week.
Cow throughput last week stood at 2,285 head, which was a similar level to the previous week.
Comparatively, in the corresponding week in 2021 a total of 6,622 prime cattle and 2,023 cows were slaughtered in local plants.
According to the LMC, the levels of imports into NI “remained high” for the second consecutive week with a total of 468 cattle imported from ROI for direct slaughter.
This consisted of 355 prime cattle and 113 cows. Meanwhile, no cattle were imported from GB for direct slaughter in local plants.
Exports of cattle from NI to ROI for direct slaughter last week included two prime cattle and 37 cows.
No cattle made the journey from NI to GB for direct slaughter.
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