IFA President Eddie Downey led a delegation, with the National Livestock Chairman, Henry Burns, to meet the Egyptian Ambassador, her Excellency Soha Gendi in Dublin this week on the opportunities for the reopening of the live cattle trade between Ireland and Egypt.
Speaking at the IFA Livestock meeting in Mullingar this week, IFA National Livestock Chairman Henry Burns said cattle prices have turned the corner. He said with very tight supplies, down 5,500 head per week on last year, cattle farmers are determined to get more and are insisting on a base price of €4.00/kg base for steers and €4.10/kg base for heifers. He said some factories had parted with these prices to get very scarce supplies this week.
IFA National Livestock Chairman Henry Burns has said the view in the beef trade this week is that cattle prices have bottomed out and are turning the corner. He said the factory tactic of cutting prices every week to force farmers out with stock has run out of road.
IFA National Livestock Chairman Henry Burns said access to new markets in the US and China are a real priority for the Irish Beef sector. Henry Burns said Minister Coveney and the Government must prioritise work in this area and turn the announcements into real market access as soon as possible.