NI and ROI beef prices: What is the difference?
The Livestock and Meat Commission has explored the gap that exists between beef prices in the north and south of Ireland.
In its latest publication, it outlined that last week, the deadweight trade in ROI increased in euro terms.
However, the body indicated that a weakening in the euro against sterling resulted in declines across most grades from the previous week.
ROI beef prices
A spokesperson noted that the R3 steer price in ROI was the equivalent of 401.2p/kg.
They said that this was back 2.2p/kg, which widens the differential between NI and ROI to 21.3p/kg or £75 on a 350kg carcase.
Furthermore, they said the R3 heifer price fell by 1.1p/kg to the equivalent of 405p/kg. “This puts the differential between NI and ROI at 18.9p/kg or £60 on a 320kg carcase,” the commission commented.
According to the Department of Agriculture, Food and the Marine’s database, last week’s throughput in approved beef plans stood at 39,062 head, compared to 29,492 in the corresponding period last year.
Last week’s beef kill:
- Young bulls: 2,252;
- Bulls: 675;
- Steers: 15,281;
- Cows: 8,535;
- Heifers: 10,801.
Kill for the year-to-date (excludes this week’s throughput):
- Young bulls: 43,772;
- Bulls: 7,258;
- Steers: 172,738;
- Cows: 106,018;
- Heifers: 145,327.
According to figures from the DAFM’s database, the kill for the year-to-date stands at 501,226 head, compared to 448,072 during the corresponding period last year.
GB beef prices
Meanwhile, according to the LMC, in GB last week, the deadweight trade for prime cattle improved across all grades.
- The average heifer price in GB last week rose by 6.3p/kg to 432.4p/kg, while the R3 heifer price increased by 7.4p/kg to 440.4p/kg. “This puts the differential in R3 heifer prices last week between NI and GB at 16.5p/kg or £53 on a 320kg carcase.”
- The average steer price was up 5.1p/kg to 432.8p/kg, while the R3 steer price increased by 5.6p/kg to 439.2p/kg. “The differential in R3 steer prices last week between NI and GB was 16.7p/kg or £58 on a 350kg carcase,” the spokesperson concluded.