Deadweight prime cattle prices ease

Wednesday, 12 January 2022

In the second week of 2022, average prices for prime cattle came under a little pressure. The all-prime average measure eased by 0.8p to 407.6p/kg, although this was still 36p higher than the same week a year ago.

Reports suggest that restaurant demand after the festive period is sluggish, and could be dampening prices for higher-end cuts like steak. If sustained, this could impact on carcase balance, although there is some indication to suggest retail demand for mince has also been weakening.

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Prime cattle kill in GB abattoirs was estimated to be 23,100 head during the week, 18% higher than the week before but 28% lower than a year ago. However, the same week last year did not contain a bank holiday. Reports suggest that COVID-19 related absences in plants is affecting throughput.

For cull cows, price strength continued, with the overall deadweight average up 0.7p on the week to 266.2p/kg. A total of 8,000 cows were estimated to have been processed in GB abattoirs during the week.

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