08 Feb 2012
TIGHT SUPPLIES STABILISE BEEF PRICESCattle
IFA National Livestock Committee Chairman Henry Burns said factories are struggling to get finished cattle numbers and are having to pay over the quoted prices. He said strong farmer resistance and tighter supplies have stabilised the trade. “The cold snap in Britain combined with tighter supplies has seen a rise in UK cattle prices this week. “
The IFA livestock leader said steers are making €4.00/kg with some prices of €4.05/kg to get out stock. He said heifers are making €4.10 – €4.15/kg and young bulls are making €4.10 – €4.20/kg.