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Cattle prices retain strength
Wednesday, 10 November 2021
GB deadweight cattle prices stayed largely steady in the week ending 6 November. The all-prime price gained 0.4p to average 409.2p/kg. Within that, overall heifer prices were unchanged at 408.0p/kg, and overall steer prices increased by 0.7p to 411.3p/kg. Young bulls gained 2p overall to average 397.9p/kg.
Estimated prime slaughter was 30,600 in the week, 900 higher than a week earlier. Reports suggest supplies of cattle are fairly well balanced with supplies. While processing staff shortages remain in places, this does not appear to be having a material effect on throughputs overall.
Cow prices also showed a degree of stability, falling only a penny on the week to 259.0p/kg, after several weeks of more significant price drops. Estimated cow slaughter in GB abattoirs was 13,000 head, 200 more than last week. High feed costs will have some questioning the economics of feeding, especially indoors.
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