16 Dec 2013
FRUSTRATION AND ANGER BUILDING ON BEEF PRICE – IFACattle
IFA National Livestock Chairman Henry Burns accused the meat factories of sending confused and contradictory messages to farmers on the beef market and imposing new price cuts and specifications on a daily basis. He said this is extremely frustrating and angering feeders, particularly when they have cattle in the sheds feeding. He said feeders are at a loss to work out what they have to do for the factories to feed cattle and make a profit.
Henry Burns said the latest story from the factories is that they are now telling dairy farmers and feeders with Friesian bulls that they don’t want to buy them. He said two years ago, when numbers were very tight and live exports were strong, the factories pleaded with and promised farmers positive returns to keep Friesian bulls. They are now turning their backs on these feeders. Henry Burns said it is clear these animals would have been live exported as calves were it not for the promises and propaganda from the factories.
The IFA Livestock Leader said with such a large price gap between Irish prices and those in our main export market in the UK, there is little or no basis for any price pressure at the moment.
Henry Burns said UK farmers are also anger with the Irish processors for what they see as the under selling of Irish beef in the UK market.
The IFA Livestock leader said despite lots of negative propaganda from the factories, the prices of both steers and heifers remain stable at a base price of €4.00/kg for steers and €4.10/4.15 for heifers. He said feeders who have a mix of stock are negotiating up to €4.10 for U grade bulls.