Despite repeated efforts by factories to squeeze prices over the past two weeks, quotations remain unchanged.
Ullocks remain on a basis of €4.80-4.85/kg, heifers on €4.85-4.90/kg.
Some of those with Friesian oxen managed to get a base of €4.80/kg, with a low of €4.60/kg.
Others are said to have accepted flat rates of €4.70/kg for loads of Ps in combination with inferior O classes.
Of course, it’s easier for a factory to quote a higher base price when the cattle they’re buying are unlikely to match that price. But offering a base of €4.80/kg for Friesians tells me they were wanted and wouldn’t be left there for another outfit.
So if you have Angus, you should expect basic prices of 4.90-5.00 €/kg.
If factory agents could dispute this, look at the results on the Ministry’s Beef Price Watch website for the week ended August 7th, when the best overall average price for R4 steers regardless of breed was €5.19/kg , paid by Slaney Foods.
The peak prices paid by processors this week show that R4 steers with fat values of 4- to 4+ earn €5.36-5.70/kg.
Prices for mace cows and bulls were also flat last week, with Class O Friesian mace cows averaging €4.40-4.50/kg and colored mace 4.50-4.60€/kg.
P grades are again around €4.30/kg when well meaty and topping up a batch with better stock should still be €4.40/kg or better achievable.
The number of young bulls going through the system remains low as only 1,639 bulls were processed out of a total of 32,008 bulls killed in the week ended August 7th.
As the need to produce beef for burgers etc has been boosted by the restart of the UK football season, their factory prices remain stable.
Bulls under 16 months are operating at base levels of €4.80-4.85/kg while U-classes under 24 months are averaging €5.00/kg with Rs €4.80-4.90/kg.
With some rain falling across much of the country over the weekend – and more forecasts in the air, especially in the south and east where it’s most needed – both factory bosses and farmers will be wondering how best to play the game.
Will those with beef to sell sit quietly and see how the numbers stack up now that weed stocks have a chance to recover?
Bitter experience and unfulfilled factory promises have taught many that it is better to move your livestock when they are fit than to wait for supplies to run out.
How many times has the rumor mill predicted a drop in shipments this year? More than I care to remember and it hasn’t happened yet.
However, this is a time when I would gladly be wrong.
https://www.independent.ie/business/farming/beef/beef-prices/quotes-largely-unchanged-despite-factories-best-efforts-41914584.html Despite the best efforts of the factories, prices remain largely unchanged