-
-
Author: Francis Farragher
~ 2 minutes read
WESTERN cattle finishers are facing into an uncertain autumn with the country’s meat plants continuing to exert downward pressure on prices.
According to the IFA, there is now a 13c/kg gap between the price being paid to farmers for cattle and the Bord Bia Prime Export Benchmark price.
Brendan Golden, National IFA Livestock Chair, said that while beef prices had weakened in some of the key export markets it ‘wasn’t acceptable that Irish factories were seen to be leading these price drops’.
He also urged farmers to reject the lower quotes offered by some factories with deals of 10c/kg above the quoted prices available at some of the meat plants – up to €4.80/kg for steers and €4.85c for heifers.
“Supplies of finished cattle are tight, and will tighten further over the coming weeks and months, based on projections for the throughput for the year.
“Live export demand for forward stores and finished cattle from Northern Ireland will also add important competition to the trade.
“Based on Bord Bia supply projections for the year, 30,000 less cattle are anticipated for slaughter in the coming months, and with grass cattle slow coming to market, throughput is expected to remain tight in the coming weeks,” said Brendan Golden.
Pictured: Brendan Golden: Cuts unacceptable.
For more, read this week’s Connacht Tribune:
Connacht Tribune Digital Edition App
Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.
Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite HERE.
Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.
More like this:
Additional GP clinics to operate in Galway this bank holiday to take pressure off UHG
Additional GP clinics are to operate in Galway this bank holiday to take pressure off UHG The Gal...
Coláiste Iognáid students make Senior category of National Student Enterprise final
Transition Year Coláiste Iognáid students have reached the national finals of the Student Enterpr...
Spiddal launch for new programme for female entrepreneurs in Gaeltacht areas
A new programme for female entrepreneurs in the Gaeltacht areas of Galway, Mayo, Donegal, Kerry, ...
Fleadh na gCuach Kinvara festival celebrates it’s 30th anniversary
Fleadh na gCuach celebrates its 30th anniversary this bank holiday weekend in Kinvara. The festiv...
Fianna Fail city election team makes combined call for €70 million investment in local roads
The Fianna Fail city election team is making a combined call for a €70 million investment in loca...
Éamon Ó Cuív tells Dáil people in Connemara West facing unfair disadvantage with health services
Galway West TD Éamon Ó Cuív says people in West Connemara are at an unfair geographical disadvant...
60 businesses from South Galway and North Clare recognised for sustainable tourism
60 businesses from across South Galway and North Clare have been recognised for their participati...
Roscommon/Galway Deputy Claire Kerrane tells Dáil it’s ‘hard to fathom’ the rising cost of fuel
Roscommon/Galway TD Claire Kerrane has told the Dáil it is very ‘hard to fathom’ the ...
Vandalism attack carried out on Ballinfoyle Park Playground
A vandalism attack has extensively damaged Ballinfoyle Park Playground. The attack was carried ou...