Beef Price Moves to €4/kg Base
IFA National Livestock Chairman Brendan Golden said beef prices have strengthened a further 5c/kg as we approach the weekend.
A base price of €4.00/kg is more freely available for heifers and €3.95/kg for steers, with higher prices available for larger lots.
He said the re-opening of the food service sector in the UK next week will increase demand for beef and is a key market outlet for Irish beef.
Brendan Golden said the main market driver currently is the UK market, as the EU Young Bull price is lagging 9c/kg behind our steer price.
“Numbers remain extremely tight both in the UK and Ireland and the opening of additional outlets for beef sales must translate into meaningful price increases for beef farmers,” he said.
The IFA Livestock Chairman said demand for cull cows is strong, with P grades starting at €3.20/kg and moving upwards depending on numbers. Good quality beef bred cows are making up to €3.70/kg in some factories.
Young Bulls are making €3.90 to €4.00/kg for R/U grades.
Brendan Golden said factory agents are competing strongly in marts for finished cattle, and prices are easily comparing to what factories are offering some farmers.