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Tighter supplies support GB deadweight cattle values
Wednesday, 23 February 2022
In the week ending 19 February, the all-prime average deadweight cattle price appreciated by 1.2p from the week before to average 404.9p/kg. All categories gained ground overall, particularly steers and young bulls.
Prime cattle kill at GB abattoirs was estimated to be 31,300 head, 2% lower than the week before and 5% below the same week a year ago. Total prime cattle slaughter in the year-to-date is estimated to be 229,500 head, 12% below the same period a year ago.
Industry reports suggest that cattle supplies could remain tighter over the coming weeks, with price rises from some buyers to secure supplies. Valentine’s day on Monday 14 may have also offered a boost to beef trade during the week, with steak being a popular cut. We will await retail data on this key period for beef consumption in due course.
Click here for a more detailed breakdown of deadweight prices
The average deadweight cull cow price remained on its upward trajectory, gaining nearly 6p on the week to average 289.8p/kg. The measure stood 36p ahead of the price recorded during the same week a year ago.
Slaughter of cows at GB abattoirs was estimated to be 10,100 head, down 1% from the week before and down 6% from the same week a year ago. Estimated slaughter of cows for the year-to-date stood at 79,100 head, down 8% year-on-year. Reports suggest that export demand for cow beef is strong, with foodservice reopening on the continent, complementing robust demand for manufacturing beef domestically.
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