GB prime markets move down once again

Wednesday, 16 September 2020

By Felicity Rusk

GB prime deadweight cattle markets have continued to move down in the week ending 12 September. The GB all-prime average stood at 369.0p/kg, down 3p on the previous week. While markets have come under pressure in recent weeks, prices remain over 15p above the 5-year average. 

Declines have been recorded in nearly all categories, although prices for steers meeting the R4L specification did increase by 1p on the week.

Price movements by category for the w/e 12 September:

  • All prime: 369.0p/kg, ↓ -3.0p
  • Steers (overall): 369.7p/kg, ↓ -3.2p
  • Steers (R4L): 385.9p/kg,↑ +1.0p
  • Heifers (overall): 370.7p/kg, ↓-2.3p
  • Young bulls (overall): 357.0p/kg, ↓ -3.3p

Estimated prime cattle slaughter totalled 32,300 head, 2,300 head greater (+8%) compared to the previous week. This was predominantly driven by a increase in heifer throughputs, which accounted for 45% of the rise alone.

 

Cull cow prices also fell on the week. Overall prices fell by 5.3p on the week to average 247.7p/kg. Prices for those meeting the O4L specification fell even further (6.8p) to average 266.2 p/kg. Throughputs were also up on the week, increasing by 1,400 head to 12,000 head.

Felicity Rusk

Analyst - Livestock

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