According to a spokesperson for the LMC (Livestock and Meat Commission), base quotes for in-spec U-3 grade prime cattle across plants in Northern Ireland, this week, fell to 434-450p/kg with a further decline on the card for next week.
In its beef market report, the body forecasts that quotes of 434-446p/kg are expected early next week.
Quotes for O+3 grading cows this week ranged from 324-335p/kg and similar quotes are expected for cows early next week.
The deadweight trade for cattle in NI, GB and ROI reported declines; however, across the regions the trade remains “well ahead” of last year’s levels, the spokesperson added.
The average R3 steer price in NI last week was 460p/kg with an average price of 460.4p/kg paid for R3 grade heifers. During the corresponding week in 2022, the average R3 steer and heifer price in NI was 436.4p/kg and 435.8p/kg,
Last week in NI, the average price paid for cows was back 12.3p/kg from the previous week to 306.2p/kg.
Across the regions, the average cow price in Southern England last week was
reported at 304.8p/kg, a 17.3p/kg decrease from the previous
week, leaving it behind NI levels for the first time since January.
Beef imports and exports
Meanwhile, imports of prime cattle from ROI for direct slaughter in NI last week totalled 578 head, an increase of 162 head from the previous week and accounted for approximately 9% of the
total NI prime cattle kill.
Furthermore, the number of cows imported from ROI for direct slaughter in plants in NI amounted to 231 head, an increase of 51 head from the previous week.
Meanwhile, exports from NI for
direct slaughter in ROI plants last week comprised four prime cattle and 15 cows.
No cattle moved between NI and GB for direct slaughter last week, the LMC notes.
Read previous farming news article on: ‘Softer’ quotes expected across northern beef factories this week
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