Not since the start of the Covid crisis in March has the pound weakened so dramatically. While the expectation is that beef prices here may be affected by the weakening sterling, that hadn’t happened as we turned into this week. The thinking behind this seems to be that while the British government appears to want trading uncertainty, British supermarkets definitely do not. Cull cow prices are edging upwards, with reports of up to €3.40/kg given for full loads of R-grades last week. Let’s be honest: how many farmers can rear and educate a family on the strength of their farming income alone?

Source: Irish Independent September 14, 2020 07:35 UTC