25 Jul 2020
Prime cattle prices slip slightly
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During the week ending 18 July the GB all prime average slipped a penny, to £3.60/kg. Despite falling in the most recent week, the measure remains 34p up on the year and 11p higher than the five-year average. The declines were almost universal across the different categories.
Prime cattle price weekly movements (w/e 18 July):
- Steers (overall): £3.61/kg, ↓ 0.8p
- Steers (R4L): £3.73/kg, ↓ 0.5p
- Heifers (overall): £3.61/kg, ↓ 0.9p
- Heifers (R4L): £3.72/kg, ↓ 0.4p
- Young bulls (overall): £3.56/kg, ↓ 0.8p
- Young bulls (R4L): £3.63/kg, ↑ 0.4p
Recent industry reports suggest margins at processor level are currently tight, with fifth quarter values significantly less than last year. Last year fifth quarter prices were reported to be exceptionally low. The latest data from HMRC correlates with this, showing that in May the average hide export price was down almost a quarter year-on-year, and over 40% lower than in 2018.
By Rebecca Wright
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