EU slaughter cattle markets Italy keeps catching up

by Editor fleischwirtschaft.com
Tuesday, August 11, 2020
Prices for young bulls rose most strongly in Italy.
Photo: imago images / imagebroker
Prices for young bulls rose most strongly in Italy.

According to the European Commission, the average revenue of the reporting Member States from young bulls in category R3 in the week ending 2 August was €352.89 per 100 kg carcass weight (cw); compared to the previous week, this corresponded to a premium of 0.6%.

The increase was significantly higher in Italy, where prices rose by 6.7% and, at €350.72 per 100 kg, are now almost on a par with the European average. In Poland, Spain and Germany there were surcharges of 1.2% to 1.8%. In Austria and Belgium, on the other hand, there was no change in prices compared with the previous week; in France, the Netherlands and Denmark there were discounts of 0.5%, 2.9% and 3.3%, respectively.

As with young bulls, the bottom line for cows was an upward trend. According to the Commission, animals in the O3 category earned an EU average of €279.08 per 100 kg cw in the reporting week, 0.4% more than in the previous week. At 4.5%, the surcharge was considerably higher in Austria. In Poland, Germany and Denmark, the fattening companies raised between 1.2% and 1.7% more. In contrast, prices in the Netherlands moved sideways. Contrary to the average trend, some Member States saw discounts of 0.3% and 0.4% in France and Belgium. In Italy and Spain, 1.4% and 1.7% less was paid for O3 cows.

Prices for heifers in the Community also increased somewhat. According to the Commission, during the reporting week, € 367.12 per 100 kg cw was paid for animals in category R3 in the EU average, which is 0.6% more than during the previous week. In Spain, the quotation even climbed by 5.4%; the gains in Poland and Luxembourg were lower, with premiums of 1.4% and 1.8%. France and Ireland paid 0.5% and 0.6% more, respectively. Prices moved sideways in the Netherlands and Belgium. Prices in Germany and Austria were somewhat weaker, with fattening for R3 heifers selling 0.3% and 0.4% less than in the previous week. Prices in Denmark and Italy fell more sharply, by 4.1% and 8.2%, respectively.

 

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