UK - All R4L Heifers and Bullocks sold for 350p/kg deadweight of higher last week throughout Great Britain.
This comes after the National Beef Association (NBA) predicted in July that commerical cattle prices would average around the 350p/kg mark. This forecast was made after the ceiling price of 300p/kg was broken although does not include higher priced beef from organic farms or Angus cattle for example.
In light of this the NBA has urged farmers to cull poor performing heifers. The aim of farmers stock plans is to remove females that can not regulalarly produce calves caapable of makinng 350 p/kg and replacing them with heifers that can to benefit from higher prices.
“The on-going surge in cattle values is currently being led by China where prices above 400p per carcase kilo are already being paid and the significance of our own Angus base prices, which are already in the region of 380p-400p, and set to rise further, should not be overlooked," said Hamish MacBean, national NBA Chairman.
However the NBA have warned that production costs are also rising: “The same upward pressures, generated by global demand exceeding global supply, that drive slaughter cattle prices are piling in behind the relentless lifts in input costs as well – and it is important that these are conquered,” said Mr McBean.
TheCattleSite News Desk