export,
Irish beef sector,
livestock breeding,
beef
Beef markets could weaken further over the next two months
Beef cattle prices have come under increased pressure in recent weeks and, as it stands, most factories are offering 380-385c/kg for steers and 390-395c/kg for heifers.
There is a growing fear among producers that prices could weaken further in the coming weeks and months.
This is particularly the case as beef cattle supplies are set to remain in a position of surplus for the remainder of this year. In total, an extra 100,000 cattle are expected to be slaughtered in Irish beef plants this year – that’s a weekly kill increase of almost 2,000 head.
Despite the increasing number of dairy-origin stock available on the market – a trend that will undoubtedly increase in the coming years – Nolan was adamant that there is a future for the Irish suckler industry on a number of fronts.