Factories pay average of 1p/lb more for beef

Marts: Beef prices paid by the factories improved by an average of 1p/lb last week, an increase of more than 1.5p/lb recorded at individual factories for both bullocks and heifers.
Factories pay average of 1p/lb more for beef

The supply of bullocks was down 2,600 head on the previous week, as producers waited for the completion of retention, with the tighter supply having a big influence in achieving the higher prices at the factories.

The national average for R3 bullocks increased by 1p/lb to 88.5p/lb. Carrigans were the leaders in the field, paying an average of just over 93p/lb. Duffy’s of Gort and Newgrange Meats at Navan both paid an average of 90p/lb. AIBP factories at Nenagh and Cahir, Liffey Meats at Ballyjamesduff and Exel Meats at Kilbeggan all paid between 89.3p/lb and 89.6p/lb.

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