News

Ireland: Beef price cuts deliberate, targeted, and geographic

Published May 13, 2024

Tridge summary

The Irish Creamery Milk Suppliers’ Association (ICMSA) is criticizing recent beef price cuts as discriminatory and manipulative, with the chair of the livestock committee, Michael O’Connell, stating that the market is increasingly unfair. He points out that factories are buying a growing number of cattle for slaughter or feeding, as part of a strategy to control beef cattle numbers. O’Connell also notes that prices in the midlands and north-western regions are being artificially maintained, while southern farmers face price cuts. He has called on the Agri-Food Regulator to launch an investigation into this "two-tier pricing model" and has urged farmers to consider marts as a more profitable option than factories.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Irish Creamery Milk Suppliers’ Association (ICMSA) has branded last week’s beef price cuts as “deliberate, targeted and geographic”. The chair of the association’s livestock committee, Michael O’Connell claimed that the Irish beef market is now becoming “a rigged game”. “We note that the increased number of forward and beef cattle in certain marts this week and we also note that they were bought by factories or feedlots for either direct slaughter or short-term feeding,” he said. ICMSA O’Connell alleged that there is a “very calculated policy” of trying to control beef cattle numbers. He claimed that prices being paid in the midlands and north-western regions were being kept up, while prices were being cut for more southern farmers. “The calculation seems to be that the more chance the farmers have of sending their cattle over the border, the higher the price the factories will offer with those prices subsidised by cutting the prices in Munster where the farmers might baulk at ...
Source: AgriLand
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.