IFA DEMANDS IMMEDIATE BEEF PRICE RISE OF 10C/KG

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IFA DEMANDS IMMEDIATE BEEF PRICE RISE OF 10C/KG
07 Apr 2016

IFA DEMANDS IMMEDIATE BEEF PRICE RISE OF 10C/KG

Cattle

IFA National Livestock Chairman Henry Burns said the beef price situation has turned this week with supplies tightening rapidly and factories increasing prices to get numbers.

He said prices have moved on with €4.00/kg the new base on steers and €4.10 base on heifers this week. He said these levels were being paid much more widely as the week progressed.

Henry Burns said that having suffered severely on prices all spring, feeders should demand an immediate 10c/kg price increase at this stage.

In addition, he said carcase weight is much less an issue with most factories now doing deals with no weight limit cuts.

He said, in general bulls are making €3.70/3.80/3.90 O/R/Us. Better offers of €3.95/4.00 have been paid for U grade bulls, again with no weight limits. Cows are making from €3.15 to €3.60/kg, with €3.30 for Os and €3.50 for R grades.

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