The ICSA has reported that increased beef prices “are available across the board” this week.
Its beef chair, Edmund Graham, has said meat factories currently have no option but to increase prices it pays farmers, given the scarcity of supplies.
Increased beef prices
He commented: “Despite the processors doing their utmost to keep a lid on the prices, they’ve had to bite the bullet.”
“Supplies are far from plentiful at the minute, which is unusual for this time of year. Factories are anxious for stock, so I would encourage farmers to demand that extra bit.”
He urged farmers to “stand their ground and sell strong”. “We know that prices have been hitting the €4.25, €4.30, and even the €4.35/kg mark for those willing to push hard for it.”
“It is also worth noting that there is increased activity for finished cattle in the marts, which includes a demand for non-quality-assured animals.”
“It all adds up to an opportunity to keep the momentum going for better prices, but we’ve got to keep the pressure up.”
Meanwhile, the farm group has urged farmers to “ignore” low factory quotes for lambs.
That is the key message Sean McNamara, ICSA sheep chairman, issued to farmers on Monday, September 13th.
“Factories have been trying to talk down lamb price over the past few days, but farmers need to know that €6.30/kg is readily available this morning.”
“Farmers have no reason to accept any less. Farmers also have the option of the mart. This is the best option for lambs that are a bit heavy.”
“Factories are still imposing a weight limit of 21.5kg. This is surprising given that the weight limit is normally 22kg from the start of September. Lambs above this will do better in marts.”
“Every so often this year, factories have overdone price cuts. But, they have generally had to row back because lambs are scarce, and demand is good. Farmers need to push for more than the basic quotes.”