Strong Demand for Beef in Key Export Markets Must Be Reflected in Price – IFA
IFA Livestock Chair Declan Hanrahan said demand for beef is strong in our key export markets in the lead into Christmas.
He said extremely tight supplies of beef across the UK and EU are driving demand for the lucrative Christmas trade.
Declan Hanrahan said despite gamesmanship from factories here in attempting to talk down prices, the reality is reduced supplies of beef cattle are leaving factories struggling to fill orders for key customers for the Christmas period.
He said the Bord Bia-compiled Prime Export Benchmark Price has strengthened in recent weeks, driven by a strong and steady UK beef price and a rising EU beef price reflecting positive market conditions in our key export destinations.
The IFA Livestock Chair said farmers with suitable cattle for processing should not be misled by unfounded negativity from factories and their agents.
Global supplies of beef are critically low, and all projections are for strong beef prices which factories must reflect in the prices offered to farmers on the run into Christmas and beyond.
