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AHDB Cattle and Sheep Weekly


15 June 2015

AHDB Cattle and Sheep Weekly - 15 June 2015AHDB Cattle and Sheep Weekly - 15 June 2015


Another stable week for the prime cattle trade

Despite reports that the supply/demand balance is still very narrow, in week ended 6 June the deadweight cattle trade edged up in most areas again.

At 327.2p/kg, the GB all prime average was a fraction up on the week. This strengthened the suggestion that the consistent trend of falling prices for most of this year may have now ended.

Returning to a five-day processing week, slaughterings are estimated to be up on the week earlier which may just have kept a lid on the trade. However, for another week, the number of prime cattle coming forward are estimated to be well below year earlier levels, with steers back nine per cent on the year at 15,000 head and heifers back 15 per cent at 10,000 head.

With heifer numbers estimated to be back to the greatest degree, average values strengthened a penny on the week earlier to 330.6p/kg, the R4L average increased a similar amount to 336.2p/kg. Steers meeting target specification came back a penny to 338.8p/kg, while R3 young bulls were 3p dearer on the week at 318.5p/kg.

Latest developments are more encouraging for the trade. Looking ahead, though, and despite tightening supplies, the prime cattle trade could still be restrained by the weak euro and competitive retail environment. However, reports do suggest that processors’ stocks are low following many weeks of cautionary procurement. Consequently, even a small upturn in consumer demand could add some impetus to the trade as processors come more keenly into the market in order to fulfil their retail requirements.

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