Irish Wholesale Beef Prices Drop as More Cattle is Processed

Wholesale beef prices in Ireland increased from the start of the year but dropped from the end of March to trade 4% lower YoY mid-April. Beef prices moved higher since January as rising input costs and strong demand drove prices up. As wholesale prices for fresh whole beef reached USD 5.20/kg, more farmers brought cattle to the market to be slaughtered, which led to a drop in prices. However, prices in Ireland are set to recover as it is lower than beef prices in the rest of the EU.