IFA National Livestock Committee Chairman Michael Doran said cattle prices are contuining to strengthen with factories having the pay €3.60 to €3.70/kg base price for steers and an additional 6c to 10c/kg for heifers and bulls. He said factories have paid €3.80/kg plus for quality heifers and bulls this week.
Mr Doran said it is a sellers market and numbers are extremely tight at the factories coupled with very strong market demand. “ Factories are struggling to get numbers and chasing feeders for stock.”
The IFA Livestock leader said feeders that have shopped around and were prepared to move have received up to 20ckg more than they were originally offered
Michael Doran said feeders must take full advantage of the current positive market and ensure they are getting full value for their stock. He said costs have increased substantially this year and feeders need current prices to make a margin after a long and expensive winter.