IFA national livestock chair Angus Woods says beef producers should not be accepting lower quotes offered by factories and says supplies are not meeting demand.
Angus Woods, chair IFA national livestock committee, talking to Adam Woods. \ Ferdia Mooney
ADVERTISEMENT
Last week’s beef kill increased by 2,114 head to reach 34,097. Factories are using higher throughput as a platform to reduce prices, with steer quotes at €4.10/kg and heifers at €4.20/kg.
Base quotes for bulls range from €4.00/kg to €4.10/kg.
IFA national livestock chair Angus Woods said: “Factories are struggling to buy cattle at the lower quoted prices this week and are having to pay at least a base of €4.15/kg for steers and €4.25/kg for heifers to get adequate numbers.
ADVERTISEMENT
“Supplies are not meeting demand and factories are hungry for cattle.”
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.
However, if you would like to share the information in this article, you may use the headline, summary and link below:
Title: Higher beef kill ignites price pressure
IFA national livestock chair Angus Woods says beef producers should not be accepting lower quotes offered by factories and says supplies are not meeting demand.
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.
Last week’s beef kill increased by 2,114 head to reach 34,097. Factories are using higher throughput as a platform to reduce prices, with steer quotes at €4.10/kg and heifers at €4.20/kg.
Base quotes for bulls range from €4.00/kg to €4.10/kg.
IFA national livestock chair Angus Woods said: “Factories are struggling to buy cattle at the lower quoted prices this week and are having to pay at least a base of €4.15/kg for steers and €4.25/kg for heifers to get adequate numbers.
“Supplies are not meeting demand and factories are hungry for cattle.”
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