Factories Need to Step Up on Beef Price to Secure Supplies

IFA Livestock Chair Declan Hanrahan said firm demand for beef and tight supplies of cattle here and in our key export markets are underpinning the trade.

He said prices in our key markets are strong and must be reflected in the direction of travel of our beef prices.

“Attempts by factories and their agents to talk down the trade are not justified.” 

He said that despite factories offering lower quotes, they are all openly paying 10c to 20c/kg above quotes to secure cattle, particularly for larger and specialist lots.

“Farmers should not be misled by unfounded negativity from factories. They should sell hard to take back control of the trade,” he concluded.