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AHDB Cattle and Sheep Weekly

07 September 2015

AHDB Cattle and Sheep Weekly - 7 September 2015AHDB Cattle and Sheep Weekly - 7 September 2015

Another steady week for the prime cattle trade

Demonstrating a modest level of positivity ahead of the bank holiday weekend, in week ended 29 August the prime cattle trade steadied on the week earlier.

While recovery in farmgate prices is still tentative, the balance in the trade seems to be just tipping into producers' favour. Reports suggest that processors have been more active in the market, trying to secure enough cattle to keep a longer pipeline filled. Despite the number of cattle coming forward being up 200 head on the week, the GB prime cattle average price was almost unchanged at 344.9p/kg. Steers meeting R4L classification were up 2p on the week earlier at 357.9p/kg, while heifers of the same spec moved up a penny to 355.5p/kg. Consequently, against the backdrop of tighter supplies ahead, particularly as cattle coming off grass could be slower to finish than previously expected, any small lift in demand could well stimulate greater competition in the market as the autumn progresses.

Overall the cow trade edged back on the week earlier despite estimates suggesting that the number of cows coming forward were at their lowest weekly level for more than six weeks. However, -O4L cows moved up 3p to 232.9p/kg as supplies of well fleshed cows fell behind demand, possibly a reflection of the holiday season on the continent drawing to a close.

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