Demand remains exceptionally strong for both prime cattle and cull cows, the IFA's livestock chair has said.
ADVERTISEMENT
Irish Farmers' Association (IFA) livestock chair Declan Hanrahan has stated that low supplies of beef across Ireland’s key overseas markets leaves beef factories in positions to bring forward “further significant price increases” for farmers.
Hanrahan said that R grade steers are making over €7/kg in the UK, as processors there struggle to source adequate supplies to fill market demand, with a similar situation happening across the EU.
He pointed to Bord Bia optimism around 2025 prices amid a continuing tight supply-demand balance and the expectation that there will be close on 90,000 fewer cattle heading to Irish factories over the coming year as justification for a beef price bump.
ADVERTISEMENT
The livestock chair put current beef prices at a base of €6/kg, with flat prices of €6.45/kg now offered by factories in their attempts to get their hands on finished cattle.
Extremely strong demand
Demand for cow beef is “extremely strong”, with prices starting around the €5.30/kg mark for larger batches of P grade cows and top-quality cull cows pushing above €5.70/kg in cases, according to Hanrahan.
He called on farmers not to be “misled by some factories offering quotes well below what is available, shop around and sell hard is vital to force factories to close the gap with the UK price, factories need the cattle and they will have to move to the reality of the market place to get them”.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Irish Farmers' Association (IFA) livestock chair Declan Hanrahan has stated that low supplies of beef across Ireland’s key overseas markets leaves beef factories in positions to bring forward “further significant price increases” for farmers.
Hanrahan said that R grade steers are making over €7/kg in the UK, as processors there struggle to source adequate supplies to fill market demand, with a similar situation happening across the EU.
He pointed to Bord Bia optimism around 2025 prices amid a continuing tight supply-demand balance and the expectation that there will be close on 90,000 fewer cattle heading to Irish factories over the coming year as justification for a beef price bump.
The livestock chair put current beef prices at a base of €6/kg, with flat prices of €6.45/kg now offered by factories in their attempts to get their hands on finished cattle.
Extremely strong demand
Demand for cow beef is “extremely strong”, with prices starting around the €5.30/kg mark for larger batches of P grade cows and top-quality cull cows pushing above €5.70/kg in cases, according to Hanrahan.
He called on farmers not to be “misled by some factories offering quotes well below what is available, shop around and sell hard is vital to force factories to close the gap with the UK price, factories need the cattle and they will have to move to the reality of the market place to get them”.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS