Bord Bia has started recording additional market prices for beef and cattle to provide enhanced transparency for cattle farmers. This was agreed last month in the beef talks settlement between protesting farmers and the meat factories.

Bord Bia told the Irish Farmers Journal it will operate the beef market price model once it gets the go-ahead on the format from the new beef market taskforce.

It was agreed that the model would have three elements: Irish beef prices in Europe, live cattle prices and an offal price indicator.