Are you interested in the latest updates on factory quotes for beef cattle in Australia? If so, you’re in for a treat as Ploughing 2024 kicks off this week with promising news for the beef trade. Contrary to last year, processors are in a better position with a strong demand for well-finished cattle leading up to Christmas.
### Factory Quotes: Heifers and Steers
Bullocks (steers) are currently quoted at €5.00-5.05/kg on the grid, while heifers are being quoted at €5.05-5.10/kg. The positive outlook is creating opportunities for farmers participating in the Advantage Beef Programme, especially those with in-spec Angus cattle. A breed bonus of 30c/kg is up for grabs if cattle are booked in before a specific timeframe.
### Cow Price and Supply
Cow prices are up by 30-40c/kg compared to last year, indicating a prosperous period for cow supply. The increase in prices is attributed to the high demand and impact on the overall kill numbers. However, with many of the larger cow volumes already processed this year, the final quarter’s cow kill numbers remain uncertain.
### Weighted Average Prices for Cows
Here’s a breakdown of the weighted average prices paid for cows by grade in the week ending Sunday, September 8, in c/kg including vat:
– Grade 1: 326c/kg
– Grade 2: 431c/kg
– Grade 3: 457c/kg
– Grade 4: 462c/kg
– Grade 5: 470c/kg
P grade cows are currently quoted at €4.40/kg, O grade cows at €4.50/kg, R grade cows at €4.70-4.80/kg, and U grade cows at €5.00/kg and above.
### Bulls in Demand
Under-24-month bulls and U-16-month bulls are highly sought after by processors with jobs for bull beef. Bull supplies are declining annually, with this year’s supply down by 7,000 head. Prices for U and R grade bulls are at €5.30 and 5.20/kg respectively. O grade bulls are quoted at €5.00/kg, and P grade bulls at €4.90/kg.
Do these factory quotes signal a strong beef trade to the year-end in Australia? The positive outlook seems promising, with processors eager for advance bookings and well-finished cattle to meet the demand. As the beef trade continues to thrive, farmers participating in various programs stand to benefit from significant bonuses. The upcoming months will undoubtedly be crucial for the Australian beef industry, especially with Christmas approaching.
For more insights on factory quotes and the latest developments in the beef trade, stay tuned to Cattle Weekly’s newsletter for regular updates and valuable information. Subscribe now to stay ahead in the ever-evolving world of Australian beef production. Let’s continue to support and celebrate the resilience and prosperity of the beef industry in Australia.
