There will be a ripple effect across the entire Irish beef industry in the short to medium term as the industry absorbs this news of that there can be no doubt. In real terms what the factories have left is the supermarket trade. To that end, my sources tell me that factories are keen for “supermarket beef” with the emphasis on Angus and Hereford types plus your lighter 280-330kg continental heifer. After their fall of 20c/kg two weeks ago cull cows steadied last week with O grades at €3/kg and better P’s €2.90-2.80/kg. Trade for bulls also steadied last week with prices for U’s marked at €3.60/kg while R’s remained at €3.50/kg, both prices dependent on overall cover.

Source: Irish Independent March 23, 2020 07:41 UTC