Prime cattle prices remain steady

Wednesday, 7 October 2020

After softening in recent weeks, prime cattle prices remained steady in the week ending the 3 October. The GB all prime average deadweight cattle price stood at 367.5p/kg, up 0.5p on the week before. Despite the recent declines, prices remain high compared to last year, up 45p/kg on the same week in 2019, and 16.5p above the five-year average.

Prices for most prime categories increased marginally on the week, except young bulls.

  • Steers (overall): 368.5p/kg up 0.7p
  • Steers (R4L): 381.2p/kg up 0.7p
  • Heifers (overall): 368.0p/kg up 0.2p
  • Young bulls (overall): 355.2p/kg down -0.1p

Estimated prime throughput totalled 32,900 head, falling on both the previous week, and the same week last year by 800 head.

Cull cow prices fell by 4.7p on the week to average 240.0p/kg. However, prices remain 19.4p/kg above the five-year average. For cows meeting the O4L specification, prices declined on the week by 1.9p, averaging 261.9p/kg. Cow throughput totalled 12,300 head, increasing on the previous week by 600 head. Market reports indicate cow throughputs could now pick up as producers make decisions before the winter housing period.

 

Bronwyn Magee

Trainee Analyst

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