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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.”
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