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Beef Trade: What are factories quoting this week?

Last week’s beef kill rose to 39,044, according to the Department of Agriculture, Food and the Marine’s database. 

Breakdown:

  • Young bulls: 4,570;
  • Bulls: 560;
  • Steers: 12,790;
  • Cows: 7,002;
  • Heifers: 11,701. 
  • Total (including week commencing February 10th): 246,331. 

38,198 cattle were presented for slaughtered during the corresponding week last year. 

Quotes

In terms of quotes this week, factories are offering a base price of €3.65-€3.70/kg for steers, while between €3.70-€3.75/kg is available for heifers. 

€3.40-€3.70/kg is on the table for young O/R/U grade bulls, while cull cow quotes are ranging from €2.80/kg up to €3.20/kg for R grade-types. 

The IFA’s Brendan Golden has said that some factory procurement managers are actively buying in marts, “paying prices well above what they are prepared to offer on-farm”.

He pointed out that factory procurement managers and agents are “rapidly chasing cattle” and trying to negotiate deals to pin down tighter supplies in the weeks ahead.

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