Ireland: Farmers should hold firm against factories as prices rise

Published 2023년 3월 7일

Tridge summary

Brendan Golden is calling out factories for trying to manipulate the beef market by reducing throughput due to tight supplies. He insists that beef prices need to reflect the market reality and increased demand, with Bord Bia predicting a reduction of 60,000 head in beef cattle supplies this year. Teagasc data shows that prices need to be at least €6.00/kg for winter finishers to break even, a target that is currently not met. Golden urges farmers to sell hard and demand price increases from the factories.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brendan Golden said beef farmers know the impact from the Chinese market and will not be fooled by the usual factory propaganda in attempts to control the market place.“Factories are acutely aware of how tight beef supplies are. They’re trying to manipulate the situation by reducing throughput. This is unacceptable and must stop. Beef prices must reflect the reality of the market place and the increased demand in higher prices,” he said. He said Bord Bia predict supplies of beef cattle will be down by 60,000 head this year, with all of this reduction taking place in the first half of the year. Teagasc figures clearly show prices need to be in the region of €6.00/kg for winter finishers to be covered and we are ...

Source: EuroMeat