Feed shortages drive cattle prices down as slaughterhouses face backlog

ORF reports that cattle prices have fallen sharply as slaughterhouses face long waiting lists. Up to three times more animals than in previous years are currently being delivered, while slaughterhouses are operating at full capacity.

Farmers now wait three to four times longer to bring their animals to a slaughterhouse. “We currently have twice to three times the usual number of slaughter cows. This naturally puts pressure on the market,” said Johannes Minihuber of the Austrian cattle exchange.

The average price of a cow has fallen by €450. In Upper Austria, breeding and dairy cows currently sell for between €2,600 and €3,500 per animal, according to the cattle breeding association. Prices vary depending on the breed, milk yield and quality.

Payments for slaughter cows depend on their current weight and classification. Seasonal pressure on feed supplies during the summer has put additional pressure on prices.

The cheaper meat is not reaching supermarkets but is instead being used to make fast-food burgers and ready meals. The decline means lower income for farmers, who are waiting for further drought assistance.