Mr. Woods, National Livestock Chairman for the IFA, said UK prices have risen consecutively for the past ten weeks by over 16 cents per kilo. He stated that these price increases outweigh changes in the sterling exchange rate.
He also added that beef demand across the various markets remains very strong also and this is because a lack of beef in store anywhere.
Angus Woods gave an update on the most recent base prices. He said steers are on a base of €4.20 and while it is €4.30 on heifers.
That being said he says there were instances where more than €4.30 has been paid to get stock, with paid base prices of €4.32 and €4.33 for heifers.
Angus Woods also commented on the live export trade and said lighter carcase weights and a strong live export trade will help to negate the impact of higher numbers for the second half of the year.
Mr. Woods gave an update on slaughtering numbers, and says they are 27,000 head above last year’s numbers.
He also said that carcase weights are down this year, despite the high number on the market. Steer weights are down 9.6kgs on last year.
UK cattle prices are up by 16cent per kilo since the beginning of April, while UK prices are 48cent up on last years.
UK steer base prices are currently at €4.40 p/kg including VAT. Mr. Woods also gave a more detailed update on live exports.
He said that live exports remain very strong this year, up 35,000 head at 116,000 head.
He added that over 90,000 calves have been exported this year so far and says that exports to Turkey remain very strong with one exporter currently filling a contract for 20,000 head.