ICMSA criticises lower beef prices

THE Irish Creamery Milk Suppliers Association claimed yesterday there is no basis for the downward pressure on beef prices this week.

Beef committee chairman Martin McMahon said prices should be rising to bridge the unacceptable gap that still exists between those in Ireland and those in other European Union markets.

“Farmers selling cattle this week are losing money particularly in the context of the significantly higher feed costs relative to 12 months ago.