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AHDB Cattle and Sheep Weekly

17 October 2016

AHDB Cattle and Sheep Weekly - 17 October 2016AHDB Cattle and Sheep Weekly - 17 October 2016

Cattle trade cools off

As processors start to consider their chill room stocks more carefully, ahead of the beginning of the seasonal lift in demand expected next month, some were able to take a few pence out of the prime cattle trade.

Consequently, in week ended 8 October, the deadweight GB all-prime average price fell almost 4p on the week to 351.1p/kg. This represented the most significant fall in the trade since the week following Easter when the stronger value of sterling was keeping Irish beef an attractive proposition for some retailers. However, despite this drop in price and, reflecting the continued performance of the premium Angus market, reports are still suggesting that the trade, in England and Wales at least, remains just as robust as it has been in recent weeks. Average R4L steer and heifer values both came back on last week. In the case of steers meeting this specification, they were back 4p at 367.0p/kg while heifers, which faired a little better, lost just a penny to 365.6p/kg. Young bulls across the board felt some pressure, R3s eased 5p on last week to average 340.2p/kg. With one processor looking to downsize their procurement of young bulls in response to specification changes at retail level, it is possible that the trade starts to feel some impact.

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