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AHDB Cattle and Sheep Weekly

22 December 2015

AHDB Cattle and Sheep Weekly - 18 December 2015AHDB Cattle and Sheep Weekly - 18 December 2015

No let-up in the pressure on prime cattle prices

With no change in the dynamics of the market, prime cattle prices came under pressure again in the latest week.

With Christmas procurement over and adequate supplies in storage to fulfil any swift uplift in retail demand processors were in a more comfortable position. Consequently, some took the opportunity to take a few pence off their base prices. Despite this, reports do suggest that prices for cattle fitting specific supermarket schemes have fared better, demonstrating more stability than commercial types.

In week ended 12 December the GB all prime deadweight average was back 4p to 337.8p/kg. It has now fallen 6p/kg over the past three weeks. The measure is 16p/kg behind its level in the corresponding week last year. Overall steers averaged 339.3p/kg, down 5p on the week, while those meeting R4L specification eased 3p to 351.3p/kg. At this price steers meeting the target spec achieved just below the previous five-year average for the first time since mid-May. Heifers did a little better, the overall average was back 3p at 340.4p/kg while R4L’s were down 2p to 350.8p/kg. In contrast, the average young bull price actually moved up a penny to 314.2p/kg, however R3 young bulls were still back 3p at 314.2p/kg.

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