UK cattle prices fall in November

Irish cattle price developments are likely to have added to downward pressure on the UK market . In the week commencing 23 October, the Irish R3 steer price averaged 398.7p/kg, 89.7p below the UK R3 steer price . Irish slaughter rates are expected to increase in the fourth quarter, with livestock data indicating an increase in the number of older cattle on farms. Given the increase in slaughter recorded in October, as well as current price differentials, this is likely to continue the incentive to purchase Irish produce.

The data points to an increase in UK cattle slaughter rates recently, with the AHDB estimating that major cattle slaughter is now trending upward, with figures reaching the same level as the record figures seen last year. Meanwhile, average carcass weight remained lower in September at 340.3kg, down 0.4% (-1.5kg) from last year. Market reports suggest there has been an increase in the number of leaner cattle this year, potentially reflecting erratic weather leading to poor grazing opportunities and inconsistent silage quality.