Cattle prices continue to strengthen
The cattle trade has recorded its strongest weekly price increase since September 2016, continuing its upward trend throughout April, according to analysis by AHDB Beef & Lamb.
The cattle trade has recorded its strongest weekly price increase since September 2016.
In the week ended 6th May, the GB all-prime average was lifted by almost 3p on the week earlier, to 352p per kilo dry weight. The figure marked the sixth consecutive week of positive movement in the price, which now stands at over 41p more, compared to the same period last year.
In addition, AHDB Beef & Lamb analysis showed that prices continued to increase over the short slaughtering week affected by the bank holiday, indicating that the disruption in trade did not have a significant negative effect on prices.
Prices varied, with overall steers having jumped 2p on the week earlier to 352.4p per kilo, while those meeting the R4L specification marked a 0.8p increase to 363.7p per kilo.
Heifer prices also recorded a weekly increase of 2.8p to 355.1p per kilo, according to AHDB, with in-target animals being lifted by an increase of 1.4p to 363.8p per kilo. R4L young bull carcases recorded the largest weekly increase, by 9.6p to 346.8p per kilo, marking the strongest price since September 2015.
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