Processors and farmers agree to try and cut oversupply of young bulls

Meat processors and farmers will try to work together to reduce the supply overhang of young bulls, on foot of a successful meeting between both sides of the debate.

Meat Industry Ireland (MII) has said it is committed to a constructive approach to the short-term oversupply of young bulls. Some 5,500 bulls were slaughtered last week, compared to 4,000 in previous weeks.

The MII’s goal is for this trend to continue. However, the MII is also urging young bull producers to use the UK buyers’ preference for bulls aged under 16 months as a standing guide for this category of the beef market.