Beef price tracker 2

I totally agree with you on this... If it were me feed them on and take the top of the market price. I be very nervous about cattle after the 2nd week of June. It's a long time since processors tried to drop the price in April..I think they are more confident than other years regarding numbers for June.

515 kgs lw now should trans into 350kgs DW (with meal) for June for freisians.

They went up the year before they were fairly static last year. Autumn prices in 2021 were better than June prices it was similar in 2020.

Usually you get a bit of a price drop in June. However in the last few years there has not been a significant difference in mid late June prices compared to August. You would need a base price difference of +20-30c/kg to compensate for killing in mid June compared to August on cattle killing sub 330 kgs DW

For the last 4-5 years ( since the strike) processors have not significantly pulled summer prices after the early June pull.

Last year we got 4.65 in August September compared to 4.8/ kg after the June pull in price. The year before we got 4.25 in August'2020, 4/ kg early June. The year before that in 2019it was 3.9+/-10c all year long. It was 3.7 rising to 3.9 in 2018.

Ya I would not bet on it not happening in any particular year. However killing cattle that are unfit is one of the quickest ways to lose money.

Another factor coming into play is the push to kill cattle under 24 months. There is less and less cattle coming off grass every year. Late September on is becoming an issue with the slaughter of 18-20 month cattle

It's probably the single biggest factor in suppressing beef prices. Yet no one talks about it, a bit like the USC tax that was brought in 14 years ago, we just take it lying down now.

What the story this week ,trying to contact my agent and he is not picking up.I heard there are sheds full of expensive fat cattle to be killed.

Things not looking great for later in the year if they are backing up grass cattle already

I got a document out from ICBF today. The document was telling me I was in the bottom 10% for this and that with regard to Teagasc figures

Interestingly they had nothing about my weight gain or costs

I suppose I should change my system go get into there top 10% or out of there bottoms figures

Should I feed small amount of Cattle Meal to weanling bullocks which I have just bought and turned to grass. These animals are averaging under 300 kg liveweight . I can't believe how small these cattle are for their purchase price. I value your opinion/advice.

Warm it in the fire 🔥

Icbf are a complete waste of time and money too if ur foolish enough to join that herd plus

It’s not a waste of money when 60 euro/year can help you get thousands from the SCEP scheme.

I know that. It might be a lot of things but a waste of money isn’t one of them imo.

ICBF has revolutionised the cattle industry in this country over last 20 years - probably more obvious in dairy sector as a lot of data captured compared to cattle. Look at the increase in milk production - solids/cow, fat & protein % in recent years due to genetic gain. In any herd comparing the top 10% to bottom 10% shows a large difference - analysing the data separates good performers from poor ones. ICBF provides the data.