IRELAND

IFA: Farmers should hold firm against factories as prices rise

Beef

Irish Farmer’s Association Livestock Chairman Brendan Golden said beef farmers should resist efforts by the factories to drag prices down. “The behaviour of some factories in trying to reduce quotes shows no regard for farmers who have made huge investments in finishing cattle over the winter months,” he said.

Posted on Mar 07 ,00:03

IFA: Farmers should hold firm against factories as prices rise

Brendan Golden said beef farmers know the impact from the Chinese market and will not be fooled by the usual factory propaganda in attempts to control the market place.
“Factories are acutely aware of how tight beef supplies are. They’re trying to manipulate the situation by reducing throughput. This is unacceptable and must stop. Beef prices must reflect the reality of the market place and the increased demand in higher prices,” he said.

He said Bord Bia predict supplies of beef cattle will be down by 60,000 head this year, with all of this reduction taking place in the first half of the year.
Teagasc figures clearly show prices need to be in the region of €6.00/kg for winter finishers to be covered and we are still a long way short of this target.

“Farmers should sell hard and demand immediate price increases. Despite some offering lower quotes, factories are actually doing deals for 10c/kg above quotes to secure enough cattle,” Brendan Golden concluded.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

NEW ZEALAND

New Zealand farmers reject National Farmers’ Union of England lamb claims

"New Zealand upholds high animal welfare and environmental standards, making it an ideal partner ...


Read more Read more
GERMANY

Vion: Management change in Crailsheim

As of 1 June this year, Vion will be handing over the management of the Crailsheim abattoir to ne...


Read more Read more
USA

Queensland grainfed beef delegation to US

MLA partnered with Toowoomba and Surat Basin Enterprise (TSBE) and Trade and Investment Queenslan...


Read more Read more
Websolutions by Angular Software and SpiderClass