Price grid delivers 298 cent for U3

A SHARP increase in prices on offer by beef factories has led to an increase in the cattle supply this week.

The factories have met producers’ demand for a base price of 280 cents/kg (100p/lb) for R4L stock. But there are widely differing views among producers on how well the new Irish Meat Association price grid is setting prices for other grades.

Factories are clearly not happy at being forced to boost prices 10 cents/kg (over 3p/lb) to get in livestock, after most farmers refused to sell at last week’s prices.