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Adam Woods has the latest on this week’s beef trade in Ireland and abroad.
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Processing demand for cattle continues to build, with the weekly kill reaching record levels. Quotes continue to rise for fat lambs.
There is plenty of life in the beef trade, as processors ramp up throughput for Christmas, while lambs are an improving trade with a 5p/kg increase to quotes.
Competition between processors for prime cattle is on the rise and prices are edging upwards in Northern Ireland. Lambs are also seeing quotes increasing as demand grows.
The beef trade in Northern Ireland is strengthening as processors start orders for Christmas, while the live trade moves up a notch for lambs.
Beef prices have seen a marked increase during Q3 of 2024 and are trending well above the same period last year.
The has been an increase in base quotes for prime cattle at NI plants, while the live ring has seen higher prices paid for fat lambs this week.
Imports of finished cattle from the Republic of Ireland to abattoirs in NI have increased to a 12 month high point
Prices for prime cattle are edging upwards in Northern Ireland, while fat lambs are on steady ground.
Factory prices for prime cattle are positive in Northern Ireland, with deals for in-spec animals. The lamb trade has steadied after recent price cuts.
