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AHDB Cattle and Sheep Weekly

06 July 2015

AHDB Cattle and Sheep Weekly - 6 July 2015AHDB Cattle and Sheep Weekly - 6 July 2015

Cattle prices continue their march upwards

For the week ended 27 June, deadweight cattle prices continued to increase, as the all prime average increased by a further 5p to 343.1p/kg.

All types of prime cattle saw prices increase by between 5p and 7p per kg, depending on specification. For steers and heifers, those meeting the R4L standard seeing the largest increases, of 6p for steers, to 353.6p/kg, and 7p for heifers, taking them to 352.8p/kg. This is the first time that these prices have been above 350p since mid-April. Demand for young bulls appears to be quite robust as the differential between the prices for them and for steers and heifers has narrowed in recent weeks. Again, those meeting the R3 specification increased the most in the latest week, rising 7p to stand at 337.8p/kg. The gains in the latest week mean that the average young bull price of 331.9p/kg is at its highest level since the New Year.

While weekly supplies of young bulls are up by more than 1,500 head, compared to typical levels two months earlier, they are still below last year’s levels. Supplies of steers and heifers, however, continue to tighten, with estimated throughputs at their lowest level this year outside Bank Holiday weeks. These price increases come at a time when processors are finding it more challenging to source supplies and there are indications that the supply situation is likely to remain tight. The recent developments in Greece, though, have resulted in some further weakening of the euro which continues to make imports competitively priced.

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