However, on lighter weight dairy cows in particular, the net € revenues have still suffered and we would reckon that today’s calculations compared with those of some weeks ago end with a €1.50-2.00 decline in returns. Due to the general market conditions and the still comfortable sold position, few are taking much notice but they will have to eventually. Meanwhile, the market for ox/heifers and lighter and medium weight bullhides continues to be in reasonably good shape. Due to the price tags of US steers, their European counterparts still look attractive and are conveniently averaging price levels down.

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