Deadweight cattle prices continued on a downward trend in the most recent week. The GB all prime average price fell by 2.61p in the week ending 15 December to finish the week on 350.25p/kg.
The price is currently below both the five year average and last year’s price, by 6.12p and 11.68p respectively.
The same trend has been recorded across the categories. Overall steers and those meeting the R4L specification both fell around 2.5p on the week to average 351.9p/kg and 365.9p/kg respectively.
Meanwhile, heifers also fell by a similar amount to average the week on 351.6p/kg. Prices in the southern region suffered the most this week, with steers falling by 6.1p and averaging 339.5p/kg. In contrast steers in the northern area fell by a more modest 1.8p and averaged 353.8p/kg for the week.
Prime cattle throughputs dropped slightly week-on-week, by 400 head. However estimated slaughterings for the week ending 15 December total 32,900 head, 2% higher than the same week of 2017.
After a slight stabilisation last week, cow prices continued to decline. In the week ending 15 December, the cow price averaged 197.1p/kg. This is now over 30p below the 2017 price and just under 10p below the 5 year average.
Estimated slaughterings for the week totalled 13,500 head, up 400 head week-on-week and around 300 head above (+2%) the same week of 2017.