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Strong demand for manufacturing beef – IFA

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The beef trade has strengthened this week, according to Irish Farmers' Association (IFA) national livestock chairman, Angus Woods, with some factories increasing quotes by 5c/kg.

Mr Woods said that, in general, the base price for steers being bought this week is €3.95/kg, and €4.05/kg for heifers. Some plants are quoting lower but others are doing deals at higher levels to secure numbers, according to the IFA. Mr Woods said price offers of €4.08 to €4.10/kg for heifers have been made.

He said the cow trade is strong, driven by very strong demand for manufacturing beef, and very few cows are selling below €3,30/kg with the majority trading between €3.40 and €3.60/kg, and top-quality cows making over €3.70/kg.

Tags: beef IFA Angus Woods