“Steady” was the word the LMC (Livestock and Meat Commission) used to describe the hogget trade across factories in Northern Ireland this week.
In its weekly market outlook reported, it highlighted that quotes for R3 grade hoggets ranged from 550-560p/kg up to 22kg this week.
Hogget trade
A spokesperson said: “The average deadweight hogget price in NI last week increased by 3.6p/kg to 541p/kg from the previous week.”
“Meanwhile last week, the average ROI hogget price was up by the equivalent of 15.8p/kg to 575.3p/kg.”
The commission confirmed that plants processed a total of 7,783 hoggets in NI last week, taking the year-to-date hogget throughput to 73,097 head.
In the corresponding week in 2021, 7,724 hoggets were processed locally. A further 6,276 hoggets were exported to ROI for direct slaughter last week.
According to the commission, this brings total hogget exports to ROI for the year-to-date to 53,497 head.
Beef prices in Northern Ireland this week
Beef factories across Northern Ireland increased cull cow, bullock, heifer, and young bull quotes this week.
According to the LMC (Livestock and Meat Commission), the deadweight cattle trade “continued to strengthen” this week.
Base quotes for in-spec U-3 grade prime cattle from major Northern Irish processors ranged from 392-404p/kg.
Good quality O+3 grade cows witnessed a rise to the tune of 10p/kg, while quotes varied from 280-324p/kg across factories this week.
- The average steer price rose by 5.4p to 407.1p/kg. The R3 steer price was up by 5.3p/kg to 416.2p/kg compared to the previous week;
- Besides, the average heifer price in NI last week increased by 5.3p/kg to 407.6p/kg, while the R3 heifer price up by 4.2p/kg to 415.5p/kg;
- The average young bull price in NI increased by just over 4p/kg to 385p/kg, while the R3 young bull price was up just over a penny to 399.3p/kg;
- Meanwhile, the NI average cow price was up by 7.7p/kg to 299.1p/kg and the O3 cow price increased by 6p/kg to 322p/kg.
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