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A strong week for deadweight cattle prices
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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