Prime prices hold their ground

Wednesday, 5 February 2020

By Rebecca Wright

In the week ended 1 February the GB all prime average remained steady at 331.9p/kg. Similarly the overall steer price was static, while the R4L price marginally increased. Heifer prices did fare a little better, with the overall gaining 0.8p, to 333.4p/kg. Prime prices continue to be well below average for the time of year. Estimated kill for the week increased 2,000 head on both the week and the year, to 33,200 head.

Industry reports suggest there is some export demand at the moment which is helping to absorb some of the current kill. Domestically however reports suggest demand is still weaker. Further reports suggest that while frozen stocks are now lower post the Christmas season, there is little appetite currently to re-build them against the background of weaker demand.

Cull cow prices meanwhile followed their seasonal trend; with the overall cow price increasing 3.5p, to 230.1p/kg. In contrast to prime, prices are currently up on-the-year.

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