Deadweight cattle prices strengthen again

Wednesday, 29 July 2020

In another positive week for deadweight cattle prices, prime prices rose across the board as supplies tightened.

In the week ending 25 July, the GB overall deadweight prime cattle price averaged 361.9p/kg, up 1.9p on the week before. The measure is now above the price achieved for the same week in 2018. Estimated slaughter at British abattoirs fell 1,100 head on the week to 32,600 head.

GB deadweight prime cattle price movements (w/e 25 July):

  • Steers (overall): 362.6p/kg ↑ 2.0p
  • Steers (R4L): 374.4p/kg ↑ 1.4p
  • Heifers (overall): 362.4p/kg ↑ 1.9p
  • Heifers (R4L): 372.1p/kg ↑ 0.4p
  • Young bulls (overall): 357.3p/kg ↑ 1.5p
  • Young bulls (R3): 362.7p/kg ↑ 1.6p

Cull cows also enjoyed keen growth, with the GB average price up another 2.7p on the week to 263.6p/kg. Estimated slaughter was up marginally on the week (+300 head) at 9,600 head.

Industry reports suggest that cattle numbers in both the UK and Ireland are tight, with processors bidding competitively to fulfil orders.

Hannah Clarke

Analyst - Livestock

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