BELGIUM, Brussels. Cattle prices for slaughter in the European Union have continued their rise.
In the week ending 28 February, young bulls of commercial grade R3 traded for €373.84 per 100 kg carcass weight (cw) on average in the reporting member states, according to the EU Commission; compared to the previous week, this corresponded to an increase of 0.3%. Quotations were very firm in Italy, with a 14.0% premium. Prices in Denmark were also firm, gaining 2.6%; in Spain, the gain was 1.0%. In Ireland and France, R3 bulls each traded 0.5% more expensive than the previous week. Premiums of between 0.3% and 0.1% were recorded in the Netherlands, Austria and Germany. While the price in Belgium moved sideways, Polish fatteners had to accept a discount of 1.3%.
The price for old cows in the Community rose somewhat more strongly than for bulls: according to the Commission, animals in trade class O3 fetched an average of €283.90 per 100 kg cw, 0.6% more than in the previous week. In the member states, there were in part noticeable markups. In Denmark, the increase amounted to 3.4%, in the Netherlands to 2.2%. In Germany, O3 cows traded 1.5% above the previous week's price level, and in Belgium, 1.3%. Quotations in France, Austria and Italy were also friendly, rising between 0.7% and 0.6%, while the increase was noticeably weaker in Ireland at 0.1%. In Poland and Spain, prices for old cows fell, with discounts of 1.4% and 1.9%, respectively.
According to the EU Commission, the weighted average price paid for heifers of commercial class R3 in the EU during the reporting week was €379.07 per 100 kg cw, an increase of 0.2%. In Denmark, prices rose by 2.1%; the increase was lower in Spain at 1.5%. In the Netherlands, R3 heifers fetched 0.9% more than the previous week; in France, Germany and Ireland, prices were also friendlier, rising between 0.5% and 0.1%. In Belgium, however, prices fell by 0.2%, and in Poland by 0.4%. The decline in Austria was somewhat more pronounced at 0.7%, while prices in Italy were very weak, falling by 8%.