Wednesday, 20 May 2020
By Hannah Clarke
In the week ending 16 May, GB deadweight cattle prices rose strongly across the board for the first time in weeks.
The all-prime GB average price rose 5.9p on the week to 329.9p/kg. Prime throughputs for the week were estimated at nearly 32,000 head, up 2,100 head on the week.
Average prime price movements for the week ending 16 May:
- Steers (overall): 329.9p/kg, up 5.6p
- Steers (R4L): 340.4p/kg, up 3.8p
- Heifers (overall): 331.5p/kg, up 6.4p
- Heifers (R4L): 340.0p/kg, up 4.5p
- Young bulls (overall): 322.3p/kg, up 5.4p
Cull cow prices also enjoyed keen growth this week, with the overall price up 8.7p on the week to average 230.2p/kg. –O4L spec cows averaged 243.1p/kg, up 2.1p on the week. Cow throughputs for the week were estimated at 8,800 head, up 300 head on the week.
More fast food outlets are opening chains for delivery / takeaway, which will be helping demand for manufacturing beef. Warm weather and retailer promotion have also helped, with burgers and steaks showing strong volume growth in the week to 10 May.
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