IFA National Livestock Chairman Angus Woods said the cattle trade has stabilised with some positive indications of tighter supplies and hardening prices.
He said in general, the base price for steers is at €3.90/kg and €4.00 for heifers. He said some top prices of €3.95 and €4.05 have been paid.
Angus Woods said beef prices needed to rise off the current low loss making levels for winter finishers.
He said based on returns from the UK, which are the equivalent of €4.40/kg and also strong returns across Europe, there is significant market potential for factories to lift prices.