During the week ending 27 January, the GB all prime average cattle price fell just 0.21p on the week, to 357.79p/kg. The overall steer price recorded a decline of 0.9p week-on-week, standing at 357.9p/kg, while those steer carcases meeting the R4L specification fell by 2p during the same period, to 370.1p/kg.
Heifer prices recorded a similar trend to steer prices with the overall price declining by 0.7p, to 360.4p/kg. Meanwhile those heifer carcases meeting the R4L specification recorded a sharper decline of 2.4p on the week, to 369.8p/kg.
Young bull carcase meeting the R4L specification achieved an average price of 342.7p/kg, 3.8p down on the week. However, the overall average young bull price bucked the trend of other prices recording a week-on-week rise of 3.1p, to 331.9p/kg.
Estimated prime cattle slaughterings stood at 32,900 head for the week ended 27 January, 300 head fewer than the previous week. There are industry reports that some processors feel demand may edge just ahead of supply during February.
As recorded several times over the past few weeks, cow trade is booming currently with the overall cow price gaining almost 2p week-on-week, to 242.8p/kg during the week ending 27 January. Cow carcases meeting the –O4L specification gained just under a penny on the week, to 263.3p/kg.
Reports suggest demand for manufacturing beef remains strong both here and on the continent. Estimated cow slaughterings were 12,300 for the week.