Farmers can expect an 'immediate' beef price increase - IFA


“There is a clear gap of 17c/kg between the new European price and Irish prices"

Farmers can expect an 'immediate' beef price increase - IFA

  • ADDED
  • 24 days ago

“There is a clear gap of 17c/kg between the new European price and Irish prices"

Bord Bia’s Beef Price Index shows that the beef market is improving, and farmers must get an immediate price increase, according to IFA president, Joe Healy.

“The latest data shows that Irish farmers can now justifiably demand and expect an immediate price increase,” he said.

“There is a clear gap of 17c/kg between the new European (prime export benchmark) price and Irish prices, which has opened up since early August; this is unacceptable.”

Beef price trends and market data

Healy believes that the new indices will provide “greater transparency” on cattle and beef prices and help to keep factories “honest” in terms of market trends.

“This is the first version and I’m sure it will be further refined as we go along,” he added.

One of the biggest complaints of beef farmers, he outlined, is the lack of up-to-date information about the price of beef in main markets.

“This Index will equip farmers with comprehensive details about beef price trends and arm them with market data when they are selling cattle,” he said.

Price increases

The new Price Index also includes a monthly Wholesale/Retail Beef Price Index, which again, shows for the month from September to October, these prices across the UK and EU markets increased.

Joe Healy said the Index also includes a By-Product Market Indicator, which tracks changes in the values of hides and offal.

Currently, this is showing a value equivalent to 29c/kg, which is up marginally from its low point in June of 25c/kg.

Similar Articles

Comments


Most popular

The Marts Forecast
The Marts Forecast
Click to View Weekly Mart Schedules
SELECT LIVESTOCK

Cattle Marts Scheduled Nationwide

Monday

  • Birr
  • Carrigallen
  • Granard
  • Elphin
  • Inishowen
  • Manorhamilton
  • Stranolar
  • Tuam

Tuesday

  • Ballina
  • Ballyjamesduff
  • Drumshambo
  • Ennis
  • Enniscorthy
  • Fermoy
  • Nenagh

Wednesday

  • Athenry
  • Ballinrobe
  • Elphin
  • Granard
  • Kilrush
  • Nenagh

Thursday

  • Ballymote
  • Birr
  • Castlerea
  • Drumshambo
  • Ennis
  • Kilkenny
  • Raphoe

Friday

  • Donegal
  • Gort
  • Kilfenora
  • Roscommon
  • Roscrea
  • Tullow

Saturday

  • Balla
  • Carnew
  • Carrigallen
  • Dowra
  • Loughrea
  • Maam Cross
  • Mohill
  • New Ross
  • Scariff
  • Tullow

Sheep Marts Scheduled Nationwide

Monday

  • Ballyjamesduff
  • Carrigallen
  • Elphin
  • Fermoy
  • Kilkenny
  • Raphoe

Tuesday

  • Athenry
  • Ballina
  • Donegal
  • Ennis
  • Inishowen
  • Tuam
  • Tullow

Wednesday

  • Ballinrobe
  • Enniscorthy
  • Gort
  • Manorhamilton
  • Roscommon
  • Roscrea
  • Stranorlar

Thursday

  • Ballymote
  • Carnew
  • Loughrea

Friday

  • Dowra

Saturday

  • New Ross
  • Maam Cross

Dairy Marts Scheduled Nationwide

Monday

  • Kilkenny

Tuesday

Wednesday

  • Enniscorthy (2nd Wednesday Of Month)

Thursday

Friday

  • Fermoy

Saturday

Calf Marts Scheduled Nationwide

Monday

Tuesday

  • Kilkenny

Wednesday

  • Enniscorthy

Thursday

Friday

Saturday