CATTLE PRICES ARE STARTING TO RISE, WITH A LONG WAY TO GO

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IFA National Livestock Chairman Brendan Golden said cattle prices are beginning to rise, with prices up 5c/kg to 10c/kg at most outlets this week. “Based on the major increase in price returns from our main export market in the UK, there is room for factories to increase prices a lot more.”

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Speaking after a meeting of the National Dairy Management Committee on Friday last, IFA President Tim Cullinan said reports that Ornua were reviewing aspects of the Purchasing Price Index (PPI) had left farmers very concerned.

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No change in Irish pig prices with farmers receiving €1.64c/kg – €1.68c/kg again this week. Markets across major EU pork producers were slightly down last week, on the back on continuing processor distribution due to Coronavirus. The worldwide pigmeat market is driven by normal market factors, with supply and demand ultimately determining were the price fluctuates towards.

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IFA National Sheep Chairman Sean Dennehy said the lamb trade has strengthened in the last week, with factories having to increase quotes and prices.

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IFA President Tim Cullinan said reports that progress had been made on food and live animal exports going through the UK post-Brexit was encouraging.

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