September 2021 Beef Quotes
According to the Livestock and Meat Commission (LMC), the factories were holding quotes at levels from the week before this week.
The agency reported, in its weekly outlook, that ratings for U-3 grade cattle ranged from 384 to 394 p / kg.
In the corresponding week in 2020, processors cited 350-358p / kg for U-3 grade heifers and steers meeting specifications.
Quotes for good quality O + 3 cows this week have continued to vary from 280 to 300 p / kg, with the LMC expecting similar prices next week.
“The dead weight of the NI premium livestock trade remained under pressure last week, with most prices coming back from the previous week.”
The average price of steers in NI last week was back from 0.1 p / kg to 390.8 p / kg, with the price of R3 steers up 1.6 p / kg to 400.9 p / kg. “
During the same week in 2020, the R3 steer price was 364.1 p / kg, which is 36.8 p / kg lower than current levels.
In addition, the average price of NI heifers last week fell from 1.4 p / kg to 393.5 p / kg, while the price of R3 heifers fell from 0.2 p / kg to 400.8 p / kg. In the same week in 2020, the price of the R3 heifer was 365.7 p / kg.
The average young bull price in NI last week was back from 1.4 p / kg to 379.7 p / kg, while the young bull price R3 rose 1.9 p / kg to 390.2 p / kg.
In contrast, NI cow trade improved last week in most grades compared to the previous week.
The LMC reported that the average price of NI cow increased from 0.4 p / kg to 280.4 p / kg, with the price of O3 cow falling from 1.2 p / kg to 313.9 p / kg .
The production of premium cattle last week was 6,762 head, an increase of 195 head from the 6,567 premium cattle factories processed the week before.
However, this is a return of 200 cattle from the same week last year, when the prime cattle throughput was 6,962.
Meanwhile, 2,190 cows were converted to NIs last week, an increase of 93 head from last week.
Exports and Imports
Last week, imports of ROI’s cattle for direct slaughter at local factories totaled 308 premium cattle and 197 cows with no cattle imported from Britain for direct slaughter.
NI’s exports to ROI for direct slaughter consisted of three premium cattle and 55 cows. According to the LMC, this brings NI’s direct slaughter cattle exports return on investment to 1,888 head from 2021 to date.
GB: Beef quotations for September 2021
Meanwhile, this week no cattle have been exported to Britain for direct slaughter.
In GB last week, the average price per steer was up 0.8 p / kg to 411.3 p / kg with the price of R3 steer down 0.5 p / kg to 417.1 p / kg. “This puts the price of R3 steer in GB at 16.2 p / kg above the equivalent price in NI,” the LMC noted.
Last week the average price of heifers in GB increased “slightly” to 410.4 p / kg, up 0.3 p / kg from the previous week.
The price of the R3 heifer has dropped from 0.5 p / kg to 417.7 p / kg. “This places the price of the R3 heifer in GB at 16.9 p / kg above the same price in NI,” the LMC pointed out.
The average cow price in GB fell from 0.9 p / kg to 285.9 p / kg, with the price of cow O3 falling from 2.4 p / kg to 311.3 p / kg. “This puts the price of cow O3 in GB at 2.6 p / kg below the same price in NI,” added the LMC.