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Catherina Cunnane
Catherina Cunnanehttps://www.thatsfarming.com/
Catherina Cunnane hails from a sixth-generation drystock and specialised pedigree suckler enterprise in Co. Mayo. She currently holds the positions of editor and general manager at That's Farming, having joined the firm during its start-up phase in 2015.
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Beef trade: Quotes up 5c/kg as farmers take back control  

Beef prices Ireland June 2021

According to IFA livestock chairman, Brendan Golden, factories have increased beef prices by a further 5c/kg this week.

He said that steers are making €4.15/kg to €4.25/kg and heifers are ranging from €4.20 to €4.30/kg.

Golden outlined that cows are starting at €3.40/kg for P grades. He reported flat prices for mixes of Os and Ps of €3.60/kg and noted that top-quality beef cows are pushing to €3.85/kg and “over in cases”.

Furthermore, young bulls are ranging from €4.15/kg to €4.30/kg.

Beef prices Ireland June 2021

He said demand is strong, and numbers are extremely tight as demand from the foodservice sector improves throughout the EU.

“Young bull prices have strengthened over the past week, reflecting the stronger EU market for beef. “

“Cattle supplies are predicted to be extremely tight over the coming months. As the seasonal summer demand increases the volume of sales, factories must maximise returns to farmers in the favourable market conditions,” he concluded.

Positive and strengthening market

He said last week’s kill stood at 28,804 head. “With the steer and heifer kill back 1,164 and 684, respectively, it highlights the extremely tight supplies of prime cattle available to factories.”

He advises farmers to “sell hard in a positive and strengthening market”.

Beef prices in Northern Ireland

Meanwhile, beef factories remain steady across plants in Northern Ireland.

According to the Livestock and Meat Commission (LMC), plants quoted 362-382p/kg for in-spec U-3 grade prime cattle last week.

It reported that the majority of plants quoted in the region of 372- 382p/kg.

The LMC outlined that most grades generally increased in the region of 1 to 3p/kg from the previous week.

“Quotes of 370-382p/kg are expected for early next week. However, with reports of higher prices available, producers should use these base quotes as a starting point for negotiation.”

The LMC outlined that the throughput of prime cattle in NI last week totalled 6,501 head. This was back slightly from the previous week.

6,733 prime cattle were processed locally during the corresponding week in 2020.

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