IFA National Livestock Chairman Angus Woods said the cattle trade is steady, with supply/demand finely balanced and finishers digging in hard and negotiating deals above the base price of €3.80 for steers and €3.90 for heifers.
Angus Woods said some cattle are moving today above these prices with €3.85 paid on steers and €3.95 equivalent paid on heifers. In addition, he said factories are covering transport and clipping charges in places to get stock.
Angus Woods said finishers are looking for a price increase as at current prices they are well below break-even.
The IFA National Livestock Chairman said bulls are making €3.70/3.80/3.90 for Os/Rs/Us. Cows are in strong demand with prices ranging from €3.05 for P+ to €3.45 and tops of €3.50 for quality U grade cows.