€6/kg is ‘absolute minimum’ beef price for winter finishers to seek in Ireland

Published 2023년 1월 1일

Tridge summary

The Irish Cattle and Sheep Farmers’ Association’s (ICSA’s) beef chairperson, Edmund Graham, has called for a minimum beef price of €6/kg for winter finishers in 2023 to prevent a bleak future for the industry. This is due to increased production costs and potential climate change measures. Despite early signs of recovery in 2022 due to eased Covid-19 restrictions, the beef market was hit by a significant price drop later in the year due to increased feed, fuel, and fertiliser costs. Graham also emphasized the need to maintain and grow live cattle exports to offset the small portion they contribute to the overall market. For 2023, Graham expressed concern over the demand for beef and the prices processors may offer, especially with potential reductions in the suckler herd which could affect the supply of quality store cattle.

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Original content

“€6/kg is the absolute minimum beef price winter finishers should be pushing for in spring 2023,” the Irish Cattle and Sheep Farmers’ Association’s (ICSA’s) beef chairperson Edmund Graham has said. Graham said unless this price is secured for beef cattle finished over the winter months, “winter finishers are looking at very bleak prospects”. “Factory prices will have to increase steadily throughout the first few months of 2023 for finishers to have any chance of breaking even”. He added that Teagasc has “conservatively estimated” the cost of production for winter beef to be “around €6/kg”. ICSA 2022 beef review Commenting on 2022, Graham said the early part of the year saw the beef trade pick up after the easing of Covid-19 restrictions. Demand took off and prices rose as the meat factories struggled for supplies to meet the increased demand. Things were looking reasonably good until Russia invaded Ukraine. Advertisement The ICSA beef chair remarked that prices continued strong ...

Source: AgriLand