Ireland: Cattle prices firm with price cuts reversed

This week’s factory quotes sees a much firmer trade for beef cattle, with no talk of price cuts from procurement staff for this week and cuts to prices that were being pushed on the trade last week, now being reversed. Procurement staff are noting that there are not as many factory fit cattle around for the time of year than was expected and this, along with good market demand for beef, is helping to underpin the autumn trade and prices for cattle. Most beef processors had representatives in attendance at the Tullamore Show and FBD National Livestock Show. One of the main talking points among beef farmers at the event was on speculation that forward cattle supplies are not as plentiful as originally thought. Grass supplies and ground conditions are generally much better than this time last year and most farmers are less anxious to sell their beef cattle this year. The mood among beef farmers was relatively positive overall at the event, despite the weather-related challenges faced ...