BEEF FINISHERS HIT BY COVID-19 & BREXIT LOSSES OF €111M

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BEEF FINISHERS HIT BY COVID-19 & BREXIT LOSSES OF €111M
28 May 2020

BEEF FINISHERS HIT BY COVID-19 & BREXIT LOSSES OF €111M

Beef Package, Cattle, COVID-19

IFA National Livestock Chairman Brendan Golden said Agriculture Minister Creed must secure a direct payment package to make up for the beef price losses for winter finishers on the back of COVID-19 and Brexit inflicted market disturbances this spring.

He said the figures show winter finishers selling cattle have taken a battering on beef price in the order of €200 per head, when compared to the pre-Brexit and pre-COVID-19 prices.

 

“Without a direct payment to make up for these price losses, many winter finishers will not survive after this spring, which has been financially horrendous,” he said.

 

Over the nine-week period from March 16th to May 17th,. the figures show that the COVID-19 related losses were €21.22m, or about €2.5m per week.

 

On top of this, finishers have incurred Brexit related price cuts and calculated from Jan 1st to May 17th.   These amount to €89.8m, or about €4.5m per week.

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