A stand-off has emerged at the start of the week with factories looking to take 5c/kg out of steer and heifer prices, but meeting strong farmer resistance. As one report to the Irish Farmers Journal put it, it is a case of whoever blinks first.

While €4.05/kg for steers and €4.15/kg for heifers is still being paid, many of these deals were concluded last week. There was even one report of €4.10/kg for steers and €4.18/kg for heifers bought on Friday to kill Monday.