Finished cattle prices show further improvement

Finished cattle prices improved again this week, with tight supplies boosting both live and deadweight values.

In the week to 3 September, R4L steer prices rose by 4p/kg, to 329.3p/kg dw – almost 10p/kg higher than a month ago. With processors striving to secure enough supplies, demand at auction markets had been strong, boosting finished steer values by 2.5p/kg, to average 182.8p/kg lw. Heifer values increased by 2.6p/kg, to 187.7p, with young bulls down by 0.7p, to 175.6p/kg.

UK prime cattle slaughterings in July totalled 188,000 head, down 4% on July last year. Throughputs in Scotland fell by 3%, with Northern Ireland down 28%, said a report by AHDB Meat Services. “In contrast, the number of prime cattle slaughtered in England and Wales was 2% above year earlier levels.”

Steers accounted for almost 46% of prime cattle slaughterings in July – 3% down on the year. Young bull throughputs dropped by 16%, to account for almost 20% of slaughterings, while heifer and cull cows numbers bucked the trend with a year-on-year increase.

Carcass weights fell by 1%, resulting in a 2% drop in beef and veal production in July, to 83,000t.




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