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Positive movement for cattle prices

Wednesday, 26 February 2020

After several weeks of little movement in cattle prices, the week ended 22 Feb was a little more positive with a 2p increase in the GB deadweight all prime cattle price, taking it to 335.3p/kg. Despite the increase this is still over 11p lower than last year and the 5 year average.

Overall steer prices rose 2.3p on the previous week. Carcases meeting the R4L specification moved up too but by less, 1.4p to 347.0p/kg. Overall heifer prices were up too, gaining 1.3p on the week to average 336.8p/kg. Similar to steers, carcases meeting R3 and R4L spec were up by a lower 0.5p. Overall prices for young bulls were up 0.5p, there was a drop in the price of R3 spec but this was more than outweighed by a 4.6p increase in the R4L category.

Throughput in the week was up on the previous week (+800 head) to 33,200 head, with some processors reported to be expecting slightly tighter numbers in the weeks ahead.

Cull cow prices were also positive this week with an overall increase of 1.6p to an average of 234.0p/kg. In opposition to the increase in prime cattle throughput, cull cow throughput was down 800 head this week to 9,900 head.

Jennie Tanner

Analyst - Dairy & Livestock

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