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AHDB Cattle and Sheep Weekly

22 June 2015

AHDB Cattle and Sheep Weekly - 22 June 2015AHDB Cattle and Sheep Weekly - 22 June 2015

Notable uplift in the cattle trade

With the trade once again moving to a more favourable position for producers, in week ended 13 June deadweight prices increased notably across the board.

Tightening supplies continued to drive the market, despite reports suggesting that retail demand remains somewhat subdued. The number of cattle coming forward is again estimated to be significantly down on the year earlier. At 332.6p/kg the GB all prime average price was up over 5p on the week, moving above year earlier levels for the first time this year. This represents the most significant week-on-week uplift since Christmas last year which gives more confidence to the suggestion that the consistent trend of falling prices for most of this year has now come to an end.

Average heifer values strengthened 6p on the week earlier to reach 336.4p/kg, while R4Ls were up 5p at 341.4p/kg. Steers meeting target specification strengthened over 4p to average 343.1p/kg. As such, they regained much of the ground lost during May and early June in a single week. Average steer values were up 5p at 333.8p/kg. R3 young bulls were 7p dearer on the week at 325.4p/kg.

Competition in the cow trade was also much more intense than in recent weeks, with processors' specific requirements driving upwards pressure in the trade. At 232.4p/kg, the average cow price was up 6p on the week earlier; -O4L cows achieved 249.9p/kg, up over 5p. With demand continuing to be ahead of supply, by adding weight and finish to cows where possible producers ought to be able to take some advantage of this.

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