| 21/08/06 Feeders have been praised by the National Beef Association for holding
            back finished cattle so the supply blockage that built up during
            the recent heat wave could clear.
 
                
NBA chairman, Duff Burrell
              
                
                  |  |  As a result of their action the NBA says slaughter cattle
              prices across the UK are beginning to firm up again and the threat
              of additional premature price falls extending into autumn has been
              lifted.
             "The return of cooler weather has done much to restore demand
              following the massive, and progressive, slump in retail purchases
              reported over the second half of July and early August," explained
              NBA chairman, Duff Burrell. "But this would not have been enough on its own to trigger
              the overall 6p-7p per live kilo lift reported by the auction system
              on a cross-GB basis over the last two weeks and the very welcome
              lift in deadweight prices that took place last week as soon as
              traders were faced with much bigger orders for beef and were forced
              to hunt for the cattle to supply them" According to the NBA the concerted, cross-UK, effort to minimise
              income damage by balancing slaughter cattle supplies with reduced
              demand is evidence that more finishers are becoming adept at responding
              to market signals. "Now that market income has become even more important than
              it was in the past feeders have learned there is little point in
              throwing cattle at a system that is already choked because not
              enough beef is being taken off at the retail and catering end," said
              Mr Burrell. "Evidence of the effectiveness their actions is plain to
              see. Last week the Livestock and Meat Commission in Northern Ireland
              reported a 14 per cent drop in the number of cattle presented for
              slaughter and it was no accident that NI prices, and those in the
              Republic of Ireland too, began to lift as abattoir stocks quickly
              dwindled." "Similar falls in the volume of cattle available were also
              reported across GB. One result is that deadweight averages are
              now 10-11 per cent higher than they were at this time last year
              and rising at a time some feared they could continue to fall." "Finishers are being rewarded for having the good sense to
              hold back cattle until the weather cools. The next time temperatures
              soar it is likely that the market response will be even quicker
              now that more farmers appreciate that large volumes of beef are
              not eaten in a heat wave and it is best to keep supplies back until
              stocks clear and processors are once again actively searching them
              out," Mr Burrell added.  Keep Back Beef Cattle for Cooler Times 
  Farmers looking for reassurance from beef labelling inspections 
  Plan Ahead Realistically for Finishing Stock Buying |