Special weanling sales have got off to a solid start with strong export and farmer demand underpinning prices. The first week of September saw 1,137 weanlings exported from Ireland, the highest weekly export figure recorded since late November last year.
Exporters are reported to be driving the sale of U and R grade quality weanling bulls. According to MartWatch figures, the top third of weanling bulls from 300kg to 400kg sold for €2.71/kg on average.
Top quality E and U grade or extreme muscled bulls are selling from €2.90/kg to as high as €3.30/kg depending on quality and weight.
Mart managers commented that the quality of both weanling heifers and steers has been extremely high, although the weight of weanlings on offer is reported to be slightly behind that of last year due the impact of poor weather and grazing conditions.
MartWatch figures show average prices of weanling bulls from 300kg to 400kg increasing by €35-€40 per head in the past week. However this is due mainly to a sharp increase in the quality of stock being sold due to the increasing number of special weanling sales.
Steady farmer demand for weanling bulls in the same weight range has seen average quality bulls sell from €2.20 - €2.40/kg in the past week.
Weanling heifers have been a slightly stronger trade also due to an increase in the quality of lots on offer.
Mart managers are reporting approximately 25% more weanling bulls passing through mart rings compared to the number of heifers available.
Export figures from Bord Bia show that 19,625 weanlings have been exported from Ireland since the start of the year, some 32% less than was exported to the same date last year. Total live export figures for the year to date are running 37% behind the same period last year.
Slaughter data is not yet available for all 2011 born progeny, but preliminary data shows the carcaseweights of the LF progeny to be ahead of the other three groups.
Source: Argentine Beef Packers S.A.
Back to News Headlines