This week, factory quotes for beef have reached new heights, showcasing a significant uptick across all categories. The recent storm, Éowyn, disrupted operations but failed to halt the upward trajectory of beef prices.

On Friday, January 24, Storm Éowyn brought substantial damage to property and services, leaving several areas without power. However, most factories regained operations on Monday, January 27. Procurement staff, however, report communication difficulties due to poor phone signals caused by power outages in some areas.

Many slaughterhouses experienced no kills on Friday, while others operated on reduced capacity from midday onward as the storm’s intensity waned.

Heifers and Steers Price Analysis

This week, heifers generally fetch €6.00/kg on the grid, with some outlets pushing negotiations as low as €5.90/kg. Steers, on the other hand, are quoted at €5.85-5.95/kg, with some securing €6.00/kg.

All-in prices for R-grade in-spec Angus cattle are climbing towards the €6.80/kg mark at the premium rate.

The opening price offers for this week have risen by up to 20c/kg from last Monday, with trade remaining volatile and prices continuing to climb.

Cow Prices Surge Across Grades

P-grade, well-fleshed cows attract €5.20/kg, while O-grade cows are quoted at €5.30/kg. R-grade cows fetch €5.50-5.60/kg, with higher-end deals reaching €5.80/kg. U-grade cows fetch up to €5.90/kg.

Several farmers secure higher prices, with procurement staff open to negotiating to obtain supplies.

Bull Prices Remain Elevated

Under-24-month bulls are quoted at €6.30/kg for U grades and €6.20/kg for R grades. O-grade bulls fetch €6.00/kg, while P-grade bulls are at €5.90/kg.

Some variation exists in bull prices between different outlets, with some seeing a 20c/kg increase from last week.

Under-16-month bulls are quoted at €5.90/kg, with premium rates secured in several cases.

These price trends highlight the resilient nature of the beef market, despite external disruptions like Storm Éowyn.