Flat prices of as high as €4.15c/kg for Angus stock are being reported as factories struggle to fill supermarket contractsMeat processors are coming under pressure to break through the €4/kg barrier for base beef prices in the face of a surging UK market. The British beef price has risen by 8c/kg in the past week, driven by supermarket demand, the anticipated re-opening of the foodservice sector and tight supplies of cattle. Stunning flat prices of as high as €4.15c/kg for Angus stock are also being reported as factories struggle to fill supermarket contracts. “It’s time to call a halt to the control meat factories have exerted on beef prices over the past number of weeks and make them pay the market returns,” he said. “The value of Irish beef in comparison to our main markets has moved well past the €4/kg base price and this must be the immediate target,” Mr Cullinan added.

Source: Irish Independent March 30, 2021 01:32 UTC