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Cattle prices continue to rally strongly
Wednesday, 23 March 2022
The average price for all deadweight GB prime cattle increased by nearly 6p to 416.4p/kg in the week ending 19 March, making it the highest weekly value since the beginning of 2014. As with finishing other livestock, those producing cattle will be looking for all the returns the can get in the face of rapidly rising input costs. Inputs were expensive before Russia invaded Ukraine, and their prices have increased substantially since. Overall steers achieved 417.4p/kg, and heifers 416.8p/kg, while young bull prices averaged 398.2p/kg.
Market reports suggest there is some conversation over whether the recent sackings at P&O Ferries and subsequent protests may have an impact on Anglo-Irish beef trade.
For more detailed price breakdowns click here
Estimated prime kill for the week totalled 31,600 head, 500 more than last week, and roughly equal to the number killed in the same week last year. Meanwhile, estimated cow kill fell by 100 to 9,700 head. In the year so far, prime slaughter is 9% lower than at the same point in 2021, and cow slaughter is down 5%.
Cow prices overall ramped up again in the week ending 19 March by over 10p to 327p/kg, building on the record-breaking highs recorded in the past two weeks. Those carcases meeting the -O4L specification fetched on average 347.1p/kg.
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