Irish Cattle Trade & Prices w/e June 29th 2024
Cattle & Beef
Throughput: There were 31,856 cattle processed in DAFM approved plants during the week ending June 29th 2024, taking throughput for the year to date to 875,327 head. This is a -8,851 head or 2% increase on the corresponding period in 2023 when a total of 866,476 cattle were processed. There have been 624,412 prime cattle processed in the first 26 weeks of 2024, a 1% increase from the same period last year (+2,998 head). Cow throughput has remained strong with 216,200 cows processed so far this year, a notable increase of 17,694 head (+9%)
Prices: Base quotes this week are in the region of €5.10/kg for steers while starting quotes for heifers are around €5.15/kg.The trade for the smaller numbers of young bulls on offer remains steady with €5.40/k-€5.45/kg available for R grading animals under 24 months of age.
The cow trade has remained solid. Well fleshed O grading cows are being quoted at €4.40/kg with €4.60-4.70c/kg available for good quality R grading cows. A significant proportion of the cow kill have achieved a conformation score of P in recent months and the prices available for these animals vary significantly based on grade, weight and quality.
For the week ending June 29th 2024, the average price paid by Irish beef processors for R3 steers, as recorded by DAFM, increased by 1c/kg to be €5.22/kg. This was 23c/kg ahead the corresponding week in 2023 when the R3 steer price was €4.99/kg. Note that reported prices exclude VAT but include all bonus payments such as in-spec bonus, breed-based producer groups etc.
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