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AHDB Cattle and Sheep Weekly

13 July 2015

AHDB Cattle and Sheep Weekly - 13 July 2015AHDB Cattle and Sheep Weekly - 13 July 2015

Another significant gain in the cattle trade

With the trade once again being in a more favourable position for producers, in week ended 4 July deadweight cattle prices increased significantly across the board again.
A more advantageous supply/demand balance is continuing to drive the market, despite the improved prices of late bringing more cattle forward. At 31,400 head AHDB estimates suggest that numbers were up 1,800 on the week and ahead of year earlier levels for the first week since the end of April. Reports suggest that processors have been in the market more robustly, with cattle previously subjected to notable penalties, bulls over 16-months-of-age and prime cattle outside of supermarket specification attracting more favourable prices.

At 349.2p/kg the GB all prime average was up 6p on the week. This represents the most significant week-on-week uplift since the market turned its corner, and now means that it has strengthened almost 25p over the past six weeks.

Steers meeting target specification strengthened 6p to average 359.8p/kg. As such, they have now reached prices last seen in late March. Average steer values were also up 6p at 350.8p/kg. Average heifer values strengthened the same amount to reach 351.3p/kg, while R4Ls were up 5p at 357.9p/kg. Demonstrating the more robust demand for young bulls they were 8p dearer on the week at 339.3p/kg, to be at their highest level in the year so far.

Cull cow prices continue to be firm on the back of the continued good demand for manufacturing beef despite the strong pound against the euro continuing to make exports challenging. In the latest week competition in the cow trade was intense again with demand for the better finished cows driving upwards pressure in the trade. At 239.6p/kg the average cow price was up 3p on the week earlier, -O4L cows achieved 258.9p/kg, up 6p.

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