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GB cattle prices continue to hold up
Wednesday, 29 June 2022
In the week ending 25 June, GB deadweight cattle prices continued in their relatively stable state, with marginal changes seen for finished prime cattle and cull cows.
The average GB prime cattle deadweight price slipped by 0.2p to stand at 442.1p/kg, up 47p versus the same point a year ago, and still over £1 above the five-year average price.
Within the all-prime average, steers gained 0.2p to average 443.1p/kg overall, young bulls gained 1.1p to average 438.6p/kg, while heifers lost 1.3p to average 441.8p/kg.
An estimated 32,200 prime cattle were processed during the week, down 1.5% (500 head) from the week before, but up 9% from the same week a year ago. This is the third consecutive week that estimated prime kill has been higher year-on-year.
The market appears to be in a relatively balanced state at the moment; lower cattle supplies are being matched with lower beef sales, with frozen storage playing its part in keeping prices stable.
For the year-to-date, prime cattle kill is estimated to be down 4% versus the same period in 2021.
For cows, prices also remained relatively stable, with the GB overall average cull cow measure at 366.1p/kg, up 0.4p from the previous week. Cows of -O4L spec performed better, up 4p to 385.2p/kg.
An estimated 9,200 cows were processed during the week, up 6% from the previous week, and 8% higher than the same week a year ago.
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