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Deadweight prime cattle prices have been on a downwards trend since late November. Since reaching 418p/kg dwt in the week ended November 23rd, steers have fallen for 8 consecutive weeks, and during the week to January 18th they traded below £4 a kilo for the first time in nine months. Nevertheless, at 396.5p/kg dwt, steers were still 6% more expensive than in the same week last year. Numbers at price reporting abattoirs have been at their highest levels since last spring but remain lower than in January 2013.
