Irish body calls for end to low cattle quotes

The Irish Farmers Association (IFA) has claimed factories are attempting to lower cattle quotes in an effort to destabilise the trade and get another week’s supply at lower prices.

Henry Burns, IFA national livestock chairman, said cattle finishers could not afford to part with cattle at anything less than last week’s base prices of €4.20 for steers and €4.30 for heifers.

He said that, after feeding cattle through an expensive winter, feeders were determined to hold off against any negative factory pressure on price and that finishers were “prepared to dig in and not part with stock at less than full value”.

Burns said the latest AIMS data from April showed the number of cattle aged between 12 and 36 months was down 181,000 head compared to the same period last year, confirming that the volume of finished cattle would tighten rapidly in the weeks ahead with the count down by between 120,000 and 150,000 head over the next 12 months.

He added that UK prices remained strong with Eblex reporting the R4L price at £346.80 for 25 April, the equivalent of €5.07/kg and higher than the average R3 price of €4.28/kg for the same week. This equates to a price difference of 79c/kg or €276 per head between the Irish price and the price in the UK.

Want more stories like this in your inbox?

Sign up for our FREE email newsletter

Keywords:

User Login

Spotlight

Webinars 
Guides 

Most read

Social

Should the meat industry pay for compulsory abattoir CCTV monitoring?

Calendar