Prime cattle prices rise across the board

Wednesday, 26 August 2020

By Felicity Rusk

In the week ending 22 August, prices across all GB prime cattle markets recorded week-on-week gains. The GB all prime average stood at 373.5p/kg, up 2.0p on the week before. This puts prices over 47p above the same week in the previous year and 22.6p above the 5-year average.

Prime price movements for the week ending 22 August:

  • Steers (overall): 374.3p/kg ↑2.7p
  • Steers (R4L): 386.4p/kg ↑2.1p
  • Heifers (overall): 373.6p/kg ↑0.7p
  • Young bulls (overall): 367.9p/kg ↑1.5p

Estimated slaughter totalled 31,400 head, which was marginally below (-90 head) the previous week and marginally above (+200 head) the same week in the previous year. Reports suggest that demand remains strong, supported by the Government’s ‘Eat out to help out’ scheme, which is scheduled to run until the 31 August. Abattoirs are reportedly keen to secure supplies, however the heatwave during mid-August has resulted in poorer liveweight gain.

In contrast, prices for cull cows dropped back, with the overall price falling 0.8p on the week, to average 264.5p/kg. Prices for cows meeting the -O4L specification also fell back on the week, although not to the same degree, declining by 0.2p to average 283.0p/kg. Cull cow throughputs were up 400 head on the week, to total 11,500 head.

Felicity Rusk

Analyst - Livestock

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