Are you curious about the latest updates in the Australian cattle industry? Well, hold on to your hats because this week’s factory quotes are here, and they bring along some interesting news. Let’s dive into the details and see what’s happening in the world of beef production down under.
### Angus Bonus Bonanza
The big news this week is the increase in Angus breed bonus at ABP Food Group and Kepak processing sites via Certified Irish Angus. This bonus injection into the trade has certainly caught the attention of cattle producers across the country. Additionally, a 25c/kg breed bonus on eligible Hereford cattle pre-booked through Irish Hereford Prime has also entered the market. These breed-specific price rises are set to shake up the industry and provide a lucrative opportunity for breeders.
### Christmas Beef Kills Commence
As we gear up for the festive season, factories have begun their Christmas beef kills to meet the increased demand for quality beef in the weeks leading up to Christmas. This seasonal demand spike requires producers to be on top of their game to ensure timely deliveries and supply chain efficiency. It’s a bustling time in the industry as everyone works towards meeting the holiday rush.
### Factory Quotes: Heifers and Steers
This week, price quotes of €5.10 and €5.05/kg for heifers and steers, respectively, are making waves in the market. While the base prices remain steady, deals for well-fleshed heifers and steers under 30 months of age are being negotiated at higher rates. Cattle approaching the 30-month age limit are being closely monitored, highlighting the importance of timely sales and trading decisions. On the higher end of the price scale, prime cattle with carcass weights ranging from 300-400kg are fetching attractive prices of €5.20 and €5.10/kg for heifers and steers, respectively.
### Cow Price Update
When it comes to cow prices, U grade cows are holding strong at €5.00/kg on the grid, with additional payments being made in many cases. R grade cows are fetching between €4.70-4.80/kg, once again with potential for higher earnings through negotiations. The weighted average prices for cows in c/kg, including VAT, tell an interesting story of market dynamics. Understanding these price variations can help producers make informed decisions about their livestock sales strategy.
### Bulls in the Spotlight
For under-24-month bulls, price quotes have remained stable, with U grade bulls at €5.30/kg and R grade bulls at €5.20/kg. O grade bulls are being quoted at €5.00/kg and P grade bulls at €4.90/kg. The market for under-16-month bulls is also active with prices ranging from €5.05-5.10/kg on the grid. This segment of the market presents opportunities for breeders to capitalise on the demand for quality young bulls.
### Conclusion
In conclusion, the latest factory quotes reflect a dynamic and evolving landscape in the Australian cattle industry. From breed-specific price rises to seasonal demand spikes, there are plenty of opportunities and challenges for producers to navigate. By staying informed about market trends and price fluctuations, cattle farmers can position themselves for success in a competitive market. As we move closer to the festive season, the industry is abuzz with activity, offering a glimpse into the energy and resilience of Australia’s cattle sector. So, keep an eye on the factory quotes and take advantage of the market opportunities that come your way. Happy farming!
If you found this article informative, why not subscribe to Cattle Weekly’s Newsletter to receive more industry updates and insights directly to your inbox. We’d love to hear your thoughts and questions, so feel free to leave a comment below and join the conversation. Thank you for being a part of our community!
