April 23, 2021 1:33 pm
Current beef market developments have seen Irish cattle prices strengthen considerably over recent weeks, according to Meat Industry Ireland (MII).
The group has made the comments following the latest Beef Market Taskforce meeting and admits there is a “gap” with UK beef prices.
According to MII, the Department of Agriculture, Food and the Marine’s (DAFM) reported prices for last week show R-grade prime cattle at €4.22/kg – representing a five-year high for this stage of the year.
MII adds that Bord Bia figures show that the Irish composite cattle price is on par with the Export Benchmark Price and “while there is a gap with UK prices, Irish price is actually 30c/kg ahead of the basket of EU member states that take some 45% of our overall beef exports”.